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US Sanctions 17 Vessels in Bid to Cripen Iran's Oil Revenue
The US Treasury sanctioned 17 vessels and networks on Thursday involved in transporting Iranian oil, aiming to cut Tehran's revenue. This action, part of "Operation Economic Outcast," follows a US naval blockade and reportedly halted Iran's oil operations.
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What happened
- 01The US Treasury sanctioned 17 vessels and networks involved in transporting Iranian oil.
- 02The sanctions are part of "Operation Economic Outcast" to cut Tehran's revenue.
- 03The move follows the US Navy's reinstatement of a blockade on Iranian ports.
- 04Approximately 20 million barrels of Iranian crude oil are on vessels near Singapore, Malaysia, and China.
- 05Treasury Secretary Scott Bessent stated the goal is to pressure Iran into a peace settlement.
Treasury Secretary Scott Bessent stated the goal is to pressure Iran into a peace settlement.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link below.
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