Pakistan, July 4 -- The United States has imposed fresh sanctions on a network accused of smuggling Iranian oil disguised as Iraqi oil and targeting a Hezbollah-linked financial institution. The Treasury Department announced these actions on Thursday, aiming to cut off key revenue sources fueling Iran's regional influence and militant support.

According to officials, the sanctioned network is operated by Iraqi-British businessman Salim Ahmed Said. Since 2020, his companies have allegedly bought and exported Iranian oil blended with Iraqi oil, using fake documentation to bypass U.S. sanctions. The disguised oil was sold mainly to Western buyers via Iraq or the UAE.

Treasury Secretary Scott Bessent stated that the U.S. would continue to d...