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The United States Treasury Department has imposed new sanctions on Iran, targeting more than 30 individuals, companies and ships linked to its "shadow" fleet, just ahead of tomorrow's meeting of the two countries in Geneva for talks on the nuclear program.
According to the official announcement of the Treasury Department (OFAC), the sanctions target those who facilitate the illicit sales of Iranian oil and the supply of materials for the production of Iran's ballistic missiles and advanced conventional weapons.
"Iran exploits financial systems to sell illicit oil, launder revenues, secure components for its nuclear and conventional weapons programs, and support its terrorist proxies. Under President Trump's strong leadership, Treasury will continue to apply maximum pressure on Iran to target the regime's weapons capabilities and support for terrorism, which it has prioritized over the lives of the Iranian people," Treasury Secretary Scott Bessent said.
The move comes as part of the Trump administration's "maximum pressure" policy on Tehran and comes ahead of a new round of indirect talks in Geneva on Thursday. President Trump's special envoy, Steve Witkoff, and his son-in-law, Jared Kushner, are expected to meet with the Iranian delegation, led by Foreign Minister Abbas Araghchi, to discuss Iran's nuclear program.
Iran has expressed optimism that a deal can be reached, but tensions remain high with potential military threats from the US if talks fail. The latest sanctions are aimed at limiting the regime's hidden oil revenues and hindering the advancement of its weapons programs, while the talks in Switzerland are seen as a last chance for diplomacy before further escalation.
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