US Treasury Announces Identification and Dismantling of Oil Smuggling Networks to Cut Tehran's Funding

mniraq - The US Department of the Treasury announced the identification of the methods, channels, and networks relied upon by Iran to smuggle oil and bypass international sanctions, confirming the implementation of strict measures to cut off its remaining economic arteries. The department confirmed its ability to identify brokers and financial channels involved in passing illicit shipments, noting that this targeting is carried out in close coordination with international allies. The US Secretary of the Treasury clarified that Washington is committed to ending the threats originating from Tehran, which relies on shadow banking networks for money laundering and financing its operations, threatening secondary sanctions on any entity that continues to conduct business with it.