The United States imposed sanctions against a business network that blended Iranian oil with Iraqi oil to shield it from restrictions. The sanctions are directed at a network of companies run by Iraqi businessman Salim Ahmed Saeed,

The United States imposed sanctions on Thursday against a business network that smuggles Iranian oil disguised as Iraqi oil, as well as sanctions targeting a Hezbollah-controlled financial institution,

The Treasury Department is targeting Iranian networks that allegedly buy and transport billions of dollars worth of Iranian oil in violation of international sanctions.