US adds Iranian shipping network to sanctions list
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An Iranian shipping network has been added to a list of entities targeted by U.S. sanctions as part of a Trump administration to increase economic pressure on the Islamic Republic.
The U.S. Treasury Department says the shipping network is controlled by Iran's Revolutionary Guard and is used to ship hundreds of millions of dollars' worth of oil, mostly to Syria.
U.S. officials say Iran uses proceeds from the sale to fund groups such as Hezbollah that destabilize the Middle East.
