
U.S. Launches Eighth Round of Sanctions Targeting Iran's Oil and Tankers
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) launched its next round of sanctions targeting Iran through six entities involved in an extensive smuggling network, as well as four tankers that the U.S. contends collectively have transported and purchased billions of dollars’ worth of Iranian oil. It marks the eighth round of sanctions targeting Iran’s oil trade since Donald Trump issued an executive order directing a campaign of maximum pressure on Iran. The U.S.,...
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