The United States has imposed fresh sanctions on a network accused of smuggling Iranian oil disguised as Iraqi oil and targeting a Hezbollah-linked financial institution. The Treasury Department announced these actions on Thursday,

The sanctions block all property in the United States that are owned by the people on the list, and all interests in the properties of those listed must be reported to the Treasury Department's Office of Foreign Assets Control.

The Treasury Department is targeting Iranian networks that allegedly buy and transport billions of dollars worth of Iranian oil in violation of international sanctions.