Middle East and North Africa Julia Kempton Middle East and North Africa Julia Kempton

US Treasury Department Issues Sanctions for Scheme to Export Iranian Oil Despite Hezbollah, IRGC Restrictions

On November 3, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced a series of sanctions against dozens of individuals, companies, and oil tankers for their role in the export of Iranian oil to global markets, violating American sanctions against the Iran Revolutionary Guards Corps (IRGC) Quds Force and Hezbollah on antiterrorism grounds (E.O. 13224).

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