18 Oct 2024 Issue: 67 / 42 By: Yesar Al-Maleki
The US Departments of Treasury and State on 11 October announced new sanctions on entities and vessels taking part in Iranian crude oil exports. The US is also seeking to clamp down on entities financing Yemen’s Iran-backed Houthis through oil sales, announcing additional sanctions here on 17 October (MEES, 18 October).
US officials sought to place the latest move against Iranian oil exports in the context of responding to Tehran’s missile attack on Israel earlier this month, with Treasury Secretary Janet Yellen stating that “in response to Iran’s attack on Israel, the United States is taking decisive action to further disrupt the Iranian regime’s ability to fund and carry out its destabilizing activity.” However, few expect these latest sanctions to have any tangible impact on Iranian exports. (CONTINUED – 1446 WORDS)
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