US Treasury Announces Strict Measures to Dismantle Iranian Oil Smuggling Networks

mesoiraq - The US Department of the Treasury announced the identification of financial channels, networks, and methods used by Iran to illicitly bypass international sanctions through oil smuggling. The department confirmed taking decisive actions in close cooperation with global allies to cut off Tehran's financial revenues, warning that secondary sanctions will target any entity continuing to conduct business with Iran. Furthermore, the US Treasury Secretary emphasized a firm commitment to severing all remaining economic lifelines of the Iranian regime, which are allegedly used for money laundering, arms purchases, and funding regional proxies.