Trump Quietly Takes New Action Against Iran, Crushes Those Providing Concealed Support

The Trump administration quietly announced new crushing sanctions on Thursday against entities that have been providing concealed support to Iran, the world’s leading state sponsor of terrorism.

“Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against four international petrochemical and petroleum companies that have collectively transferred the equivalent of hundreds of millions of dollars’ worth of exports from the National Iranian Oil Company (NIOC), an entity instrumental in Iran’s petroleum and petrochemical industries, which helps to finance Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxies,” the Treasury Department said in a statement. “Iran’s petroleum and petrochemical industries are major sources of revenue for the Iranian regime and funds its malign activities throughout the Middle East. The entities targeted today facilitate Iran’s petrochemical and petroleum exports in contravention of U.S. economic sanctions.”

Treasury Secretary Steven Mnuchin said, “Iran’s petrochemical and petroleum sectors are primary sources of funding for the Iranian regime’s global terrorist activities and enable its persistent use of violence against its own people.”
The Treasury Department said that sanctions that it was imposing had the following implications:


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