The U.S. imposed sanctions on a network that sends Iranian oil to China, targeting individuals and firms from China, India, and the UAE. Treasury Secretary Scott Bessent emphasized the use of oil revenues for Iran’s military ambitions. The U.S. intends to hold Iran accountable for destabilizing actions.

On Thursday, the U.S. Department of the Treasury announced sanctions against a network comprising over a dozen individuals and companies involved in the shipment of Iranian oil to China. This action targets entities in China, India, and the United Arab Emirates, including both Iranian and Indian citizens, as well as various shipping firms and vessels.

Treasury Secretary Scott Bessent highlighted the Iranian regime’s focus on channeling oil revenues to support its nuclear program, ballistic missile production, and regional proxy groups designated as terrorist organizations. Bessent has previously criticized the Biden administration’s approach to sanctions, advocating for a more aggressive stance, particularly against Iranian and Russian entities.

The U.S. State Department reinforced its commitment to holding the Iranian regime accountable for its activities that threaten global stability and nuclear proliferation. State Department spokeswoman Tammy Bruce indicated that the U.S. would employ all available means to address Iran’s destabilizing ventures.

During discussions regarding U.S. sanctions, President Donald Trump stated that while he is not inclined to adopt an aggressive posture towards Iran, the nation must not develop nuclear weaponry. He emphasized the importance of an impending agreement that could be negotiated concerning Iran’s nuclear advancements.

The recent U.S. sanctions are part of a wider strategy to counter Iranian influence in the region, particularly efforts to limit Iran’s ability to finance its military developments and nuclear ambitions. Sanctions have been a critical tool for the U.S. government in applying economic pressure on nations and entities perceived as threats to national and global security.

In conclusion, the U.S. has taken decisive measures against a network facilitating Iranian oil shipments to China, aiming to restrict Iran’s financial support for its military and nuclear endeavors. With individuals and companies across multiple countries affected, the sanctions reflect a broader commitment to addressing threats posed by Iranian activities to international security.

Original Source: abcnews.go.com

Related posts:

U.S. Imposes Sanctions on Network Shipping Iranian Oil to China Biden Issues National Security Memo to Guide Trump Administration’s Foreign Policy Biden Approves National Security Memo to Assist Trump Administration on Global Threats Examining Trump’s Denuclearization Proposal with Russia and China