Pakistan, Nov. 21 -- The US Treasury Department's Office of Foreign Assets Control (OFAC) imposed new sanctions on Iranian companies and shipping brokers supporting the country's armed forces through oil sales. The move aims to curb funding for Iran's nuclear weapons program and its support for terrorist groups.
Treasury Secretary Scott Bessent said the sanctions are part of a broader effort to block Iranian revenue, which is crucial to limiting the country's nuclear ambitions. The measures target six vessels and expand restrictions on non-governmental oil tankers that Iran relies on to export crude to global markets.
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