Fresh US sanctions target Iran’s oil revenues for first time in months

US pressure group United Against Nuclear Iran welcomed Ofac’s actions but said they fell well short of what is needed to choke Iran’s revenue streams and hurt its ability to fund Hamas and its other proxies.

“While Ofac’s sanctions on over 20 individuals and entities involved with Iran’s military and financial networks mark a significant step, it is imperative to acknowledge the shortcomings in these measures,” UANI’s chief of staff Claire Jungman told Lloyd’s List.