The United States and the United Kingdom on Monday announced seperate sanctions aimed at increasing pressure on Iran by targeting individuals, companies and networks accused of facilitating oil sales, financial transactions and “hostile activities”. The US measures focus on disrupting Iran’s oil exports to China and cutting off funding linked to the Islamic Revolutionary Guard Corps, while also tightening restrictions on front companies and intermediaries. The UK, meanwhile, targeted Iran-linked individuals and entities accused of shadow banking, financing destabilising activities and conducting operations linked to criminal and proxy networks, with both countries seeking to limit Tehran’s financial reach and international…
News Timeline:
Track the development of this news story across the Internet.