The U.S. Treasury on Thursday announced new sanctions on an international network of individuals and companies accused of facilitating Iranian oil shipments to China. The sanctions will affect

The US Treasury Department has imposed sanctions against the IRGC's international network for smuggling Iranian oil to China. This applies to companies in China, India, and the UAE, according to the US Treasury Department.

The Treasury Department Thursday imposed new sanctions on an international oil network it said ships hundreds of millions of dollars of oil to China. The funds allegedly benefit Iran's military.