U.S. Sanctions Shipping Networks for Funding Iranian Regime With Oil Sales

The United States announced sanctions Thursday against shipping networks responsible for allegedly funding Iran’s terrorist activities through illicit oil sales.
An airline and its affiliates that arm and supply Iran-backed terrorist groups will also be sanctioned, according to the U.S. State Department’s announcement.
The State Department sanctioned 17 entities, people, and ships in several countries, including India, Panama, and the Seychelles, for their involvement in Iran’s petroleum and petroleum products sales.
The U.S. Department of Treasury designated 41 entities, people, ships, and aircraft involved in Iran’s petroleum and petrochemical exports to be sanctioned. The department is also disrupting financial streams and commercial operatives that support Iran’s hostile activities….