U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol on Capitol Hill in Washington on June 27, 2025. Elizabeth Frantz/Reuters
WASHINGTON—The United States imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil and on a Hezbollah-controlled financial institution, the Treasury Department said.
A network of companies run by Iraqi-British national Salim Ahmed Said has been buying and shipping billions of dollars worth of Iranian oil disguised as, or blended with, Iraqi oil since at least 2020, the department said.
