US Imposes Sanctions on Iraqi Entrepreneur Aiding Iran in Oil Sanctions Evasion

Buzzline

The Treasury Department of the United States has imposed sanctions on Iraqi entrepreneur Ali Maarij al-Bahadly for supposedly assisting Iran in avoiding US sanctions and exporting Iranian oil using Iraqi facilities. This action is part of a broader American strategy aimed at disrupting Iran's primary source of income amid the Hormuz crisis. Authorities indicate that further enforcement measures are forthcoming.

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00:00The United States just hit Iran's oil network through an unexpected channel, Iraq.

00:05The Treasury Department has accused Iraqi businessman Ali Marij al-Bahadli

00:10of helping Iran evade U.S. sanctions and export Iranian oil through Iraqi infrastructure.

00:16It's the latest move in a sweeping American campaign to choke off Iran's largest revenue stream,

00:22oil exports, and tighten the economic squeeze during the ongoing Hormuz standoff.

00:28Sanctions tracking analysts say Iran has been routing crude through ports and terminals

00:33across the Persian Gulf in an effort to disguise its origin.

00:37Roughly 80% of oil flowing through Hormuz heads to Asia,

00:41but the revenue funds Iran's military, drones, and proxies that have struck U.S. assets in recent weeks.

00:48The new sanctions freeze al-Bahadli's U.S. assets

00:51and prohibit any American person or company from doing business with him.

00:55And Washington has signaled this is just one of many enforcement actions in the pipeline.

01:00So we had the deadline.

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