U.S. Treasury Imposes Sanctions on Alleged Oil Smuggler, Companies Linked to Iran's Quds Force

August 13, 2021

Author: 

Doyinsola Oladipo and Simon Lewis

Publication: 

Reuters

Related Country: 

  • Liberia
  • Oman
  • Romania

On August 13, 2021, the U.S. Treasury Department designated Omani national Mahmood Rashid Amur Al Habsi and a network of shipping and trading businesses linked to him for facilitating the sale of Iranian oil. Businesses in the network were based in Oman, Liberia, and Romania. Sales by Al Habsi's network ultimately benefitted the Islamic Revolutionary Guard Corps (IRGC) Qods Force, according to U.S. Secretary of State Antony Blinken. The new designations bar U.S. nationals from doing business with Al Habsi's network and freeze its U.S.-based and U.S. dollar-denominated assets.