US sanctions target Iran oil traders
The U.S. Treasury Department has imposed sanctions on a network that includes individuals, entities, and vessels involved in smuggling Iranian liquefied petroleum gas (LPG) to Asia, hiding behind front companies in the UAE and China. The sanctions targeted 12 persons and entities, as well as six LPG tankers, with the aim of disrupting the smuggling operations that conceal their activities by using the Panamanian flag and foreign bank accounts.
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