The U.S. Treasury Department on Thursday announced new sanctions on Iranian oil sales in a bid to choke off funding for Iran’s military apparatus.
Treasury Secretary Scott Bessent described the sanctions as part of Operation Economic Fury, the fiscal element of the Operation Epic Fury military action against Iran.
“The Treasury Department will continue to increase pressure on Iranian oil sales to deprive the Iranian regime and its military of the financial resources it needs to threaten U.S. allies and partners in the Middle East,” Bessent said .
“We will not allow the Iranian government to increase its oil revenue for the purpose of…
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