Subnostr

⚡️The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced the first action in U.S. President Donald J. Trump’s “Maximum Pressure” campaign against Iran. Sanctions have been announced on the vast shipping network that sees millions of barrels of Iranian oil go to China. The shipments, brokered by the Iranian Armed Forces General Staff (AFGS), were facilitated by a number of front companies who will also be designated and sanctioned.

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Discussion

War Monitor 11mo ago

The sanctioned companies, vessels, and individuals that make up the wider Iran-China trade network come from a number of nations, including China, India, and the United Arab Emirates. Iran directly invests large amounts of its crude oil earnings, numbering in billions per year, into funding its armed forces and network of non-state actors in the region and abroad.