US Treasury Imposes Iran Sanctions

The U.S. Department of the Treasury announced new sanctions against Iran targeting networks and intermediaries that use them to smuggle oil and circumvent economic sanctions, in cooperation with its allies and government agencies. Treasury Secretary Janet Yellen emphasized that the goal is to cut off all illicit revenue sources for the Iranian regime, while continuing to impose the harshest sanctions that could lead to the collapse of Iran's economy. Reports indicate that these measures will include re-designating Hezbollah on sanctions lists and restricting Iran’s ability to target ships in the Strait of Hormuz. These actions are part of Washington's efforts to impose decisive economic pressure on the Iranian regime to disable it and weaken its ability to fund its activities.

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