US announces sanctions against Iran's oil transport network

CNC
Added On September 6, 2019

The department said on Wednesday in a statement that the move targeted some 16 entities, 10 individuals and 11 vessels that are alleged to be "directed by and financially supports" the IRGC-QF.
 
The statement alleged that in Spring 2019 alone, the targeted network transported a large amount of crude oil, condensate and gas oil, taking in about three quarters of a billion dollars.
 
Special Representative for Iran Brian Hook said "that money is then used to fund terrorism".
 
The latest sanctions came on top a flurry of recent punitive actions against Iran, including sanctions on its space agency, and an oil tanker transporting Iranian oil.
 
According to experts, the sanctions are heightening tension between Washington and Tehran, risking further destabilizing the region.