US imposes new sanctions on oil smuggling network backing Iran’s Quds Force

WASHINGTON, 04 November 2022, (TON): The United States issued sanctions against an international oil smuggling network it accused of supporting Hezbollah and Iran’s Quds Force, as Washington seeks to increase pressure on Tehran.

The US Treasury Department in a statement said it designated members of the network that facilitated oil trades and generated revenue for Lebanon’s Iran-backed Hezbollah and the Quds Force, an arm of Iran’s Revolutionary Guards that operates abroad, both of which are under US sanctions.

The latest US move against Iranian oil smuggling comes as efforts to revive Iran’s 2015 nuclear deal have stalled and ties between the Islamic Republic and the West are increasingly strained as Iranians keep up anti-government protests.

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