The US Department of Treasury stated in its statement that the network is headed by Iraqi businessman Salim Ahmed Said, and since 2020 he buys and sends Iranian oil using camouflage methods, which include entries as Iraqi oil or mixing, in operations worth a billion dollars.
The treasury said that this step will become part of Washington’s efforts to resist what he describes as “the malicious activity of Iran in the region”, financing the related groups led by Hezbollah.
The sanctions also included a financial institution related to Hezbollah, which the ministry did not name in the first statement, noting that these measures are aimed at narrowing the screws on illegal financing channels, which Iran and its agents depend on the Middle East.
The United States promised to continue to focus on economic networks that exceed the sanctions imposed on Iran, emphasizing that these steps are included in the framework of its commitment to “protecting the international financial system from illegal activity”, according to the statement.
Source: Reuters
