The U.S. imposed sanctions on Thursday against a network that smuggles Iranian oil disguised as Iraqi oil and on a Hezbollah-controlled financial institution, the Treasury Department said. A network o

(Reuters) -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 said.

The United States has announced new sanctions on a business network involved in Iranian oil trade and a Hezbollah-linked financial group. The U.S. Treasury Department confirmed these actions are part of efforts to increase pressure on Iran's economy and Hezbollah's financial system.