US slaps new sanctions on individuals and firms that help Iran sell its oil
Summary
The United States has imposed new sanctions on individuals and companies connected to Iran. These sanctions target those who allegedly help Iran fund its military activities by moving money from selling oil. The sanctions affect people and entities based in Hong Kong and the United Arab Emirates.Key Facts
- The US Department of the Treasury announced sanctions against over a dozen individuals and companies.
- The sanctions target people and companies in Hong Kong and the United Arab Emirates.
- The US government accuses these groups of moving funds to support Iran's military.
- Money from Iranian oil sales was allegedly involved.
- Some funds were reportedly laundered through front companies and cryptocurrency.
- Key Iranian nationals affected include Alireza Derakhshan and Arash Estaki Alivand.
- These sanctions block them from accessing any US assets and ban US businesses from dealing with them.
- The sanctions align with the US goal of reducing Iran's oil exports.
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