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Home Middle East

US Imposes New Iran-Related Sanctions

April 4, 2024
US Imposes New Iran-Related Sanctions

file photo shows the US Treasury Department building at dusk in Washington. (AP)

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The United States has taken a decisive step in its ongoing efforts to counter Iran’s activities by imposing new counterterrorism sanctions on Oceanlink Maritime DMCC and its associated vessels, citing their involvement in shipping commodities on behalf of the Iranian military.

The US Treasury Department revealed on Thursday that Oceanlink Maritime DMCC, based in the United Arab Emirates, operates a fleet of vessels extensively engaged in transporting Iranian commodities. This move aligns with the US strategy of employing financial sanctions to isolate Iran and disrupt its capacity to fund proxy groups and support Russia’s actions in Ukraine.

According to the Treasury Department, the Oceanlink-managed vessel HECATE recently conducted a ship-to-ship transfer, loading Iranian commodities valued at more than $100 million. This action underscores the continued efforts to prevent Iran from circumventing existing sanctions.

Highlighting the broader context, the Treasury Department emphasized that a series of US and Western sanctions have been implemented to address Iran’s destabilizing activities across the region and globally. Iran maintains a network of proxies in various Middle Eastern countries, including Lebanon, Syria, Iraq, and Yemen, which are targets of these measures.

The imposition of fresh sanctions underscores the US commitment to curbing Iran’s influence and disrupting its support for proxy groups. It represents another step in the ongoing effort to hold Iran accountable for its actions and prevent further destabilization in the region.

Tags: IranUS
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