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US Treasury uncovers Iran's oil smuggling methods
The United States imposed new sanctions on Iran, targeting an individual linked to Iran's "Melli Bank" and an entity based in Hong Kong, as part of its efforts to cut off all sources of Iran's economic support. U.S. Treasury Secretary Scott Bessent stated that the sanctions aim to eliminate the threat posed by the Iranian regime by targeting smuggling networks, money laundering operations, and arms purchases, in cooperation with international partners, in an attempt to strike at Iran's illegal funding sources.
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