U.S. targets Iran oil trade networks with latest sanctions

3 days ago 3
 Blue barrels of oil lie on background of Iranian Rial banknotes, Islamic Republic of Iran. Petroleum business, black gold, gasoline production. Purchase sale, auction, stock exchange.

MassimoVernicesole/iStock via Getty Images

The U.S. has imposed new sanctions against networks that have transported and purchased billions of dollars' worth of Iranian oil, the Treasury Department announced.

The sanctions target a network of companies run by Iraqi businessman Salim Ahmed Said, which profited from

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