US Determines Iranian Oil Company Is Agent Of The Military -- Wall Street Journal
The U.S. Treasury Department said Monday it told Congress that Iran’s state oil company is linked to the country’s military.
The decision, which was required within 45 days under legislation signed into law last month by President Barack Obama, potentially exposes foreigners and foreign financial firms doing business with it to sanctions that could block them from the U.S. banking system.
The National Iranian Oil Co., or NIOC, was already subject to U.S. sanctions for being part of the Iranian government, but that only gave the U.S. the power to slap sanctions on Americans or U.S. companies doing business with it. NIOC is owned by the Iranian government through the oil ministry.
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More News On Iran's Military Connections To The Country's Oil Industry
Iran oil company linked to military, official claims -- Sydney Morning Herald
Iran's military tied to oil, U.S. says -- UPI
Iran’s Oil Company `Agent' of Revolutionary Guard Corps -- Bloomberg Businessweek
Treasury: Iranian oil company part of IRGC -- UPI
Iran denies state oil company linked to Revolutionary Guard -- Jerusalem Post/Reuters
Iran denies state oil company linked to Guards -- Reuters
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