US Treasury Targets Iran's Shipping Line
(Dow Jones)- The U.S. Treasury Department on Monday said it was targeting Iran's national shipping line, citing the nation's efforts to evade international sanctions. Treasury's Office of Foreign Assets Control announced the designation of 10 shipping companies affiliated with the Islamic Republic of Iran Shipping Lines. The designation was made under a U.S. executive order aimed at freezing the assets of proliferators of weapons of mass destruction. Treasury said the private sector around the world is increasingly turning its back on IRISL ...
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