US Sanctions Iran-Linked Oil Smugglers Over Iraq Attacks

May 8, 2026

56 min

May 8, 2026 03:31

US slaps sanctions on Iran-linked oil smugglers funding Iraq attacks

## Sanctions Target Iranian Oil Networks

The US Treasury Department has imposed sanctions on individuals and groups linked to Iran, accusing them of exploiting Iraq's oil sector to fund attacks on US forces. Among those targeted is Iraq's Deputy Oil Minister, Ali Maarij Al-Bahadly, who allegedly facilitated oil smuggling operations benefiting Iran and its proxy militias.

## Impact on Regional Security

The sanctions aim to disrupt financial channels used by Iran to support militant activities in the region. US Treasury Secretary Scott Bessent criticized Iran for using Iraqi oil revenues to finance terrorism, including attacks on US troops.

## Smuggling Operations

The targeted networks reportedly generate over $100 million annually by diverting oil from fields in Basra and Maysan provinces. These funds are used to support groups like Kataib Hezbollah and Asaib Ahl Al-Haq, which have been involved in numerous attacks against US forces.

## Broader Context

This move is part of a broader US strategy to counter Iran's influence in the Middle East. Previous actions have targeted similar smuggling operations, highlighting ongoing efforts to curb Iran's shadow economy and its support for regional terrorism.

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