Washington (Monitoring Desk) — The United States has further tightened economic pressure on Iran by adding 35 entities and individuals to its sanctions list.
According to details, U.S. officials stated that the network was supporting Iran’s banking system and oil trade, through which attempts were being made to bypass international sanctions.
The U.S. Department of the Treasury said that the designated individuals and entities have been involved in the transfer and financial transactions of Iranian oil worth billions of dollars, and have tried to evade global restrictions through these activities.
The Office of Foreign Assets Control (Office of Foreign Assets Control) has warned that banks and financial institutions dealing with such companies may also face action, especially systems linked to payments through the Strait of Hormuz.
U.S. authorities also referenced oil refineries in China’s Shandong province, stating that several private companies there are involved in importing and refining Iranian oil.
