The United States on Wednesday sanctioned an 'oil for terror' network ...
WASHINGTON - The United States on Wednesday sanctioned an “oil for terror” network of firms, ships and individuals allegedly directed by Iran’s Islamic Revolutionary Guard Corps that supplied Syria with oil worth hundreds of millions of dollars in breach of U.S. sanctions.
Iran has been gradually reducing its compliance with the 2015 agreement in a bid to pressure European countries to compensate it for the severe damage done to its economy by multiple rounds of U.S. sanctions. Tehran was expected to announce further breaches sometime this month. The Treasury Department’s Office of Foreign Assets Control action froze any assets in the United States of the designated entities and generally prohibited U.S. citizens or companies from doing business with them.
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