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US imposes sanctions on Iranian financial network in Hong Kong, UAE, Türkiye

US imposes sanctions on Iranian financial network in Hong Kong, UAE, Türkiye US State Department Spokesperson Tammy Bruce (x.com/U.S.DepartmentofState)

The United States is imposing sanctions on an illicit Iranian financial network based in Hong Kong, the UAE, and Türkiye, according to US State Department Spokesperson Tammy Bruce.

"The United States is sanctioning an illicit Iranian financial network based in Hong Kong, the UAE, and Türkiye," Bruce announced.

The US State Department spokesperson explained that the funds generated from Iranian oil trade are benefiting the Islamic Revolutionary Guard Corps – Quds Force, which has supported Iran's terrorist proxies for decades.

It was previously reported that US President Donald Trump suggested he might support a possible easing of sanctions on Iran — under certain conditions.