NewsGate Press Network

The United  States is taking steps to counter  what it calls ‘Iran’s destabilizing activities by designating an international illicit financial network along with several individuals and entities based in Hong Kong and the United Arab Emirates

On Thursday the 18th of September 2025, the State Department (foreign ministry) of the USA stated in a release that – ‘these networks have facilitated the sale of Iranian oil, with proceeds benefiting Iran’s Islamic Revolutionary Guard Corps Qods Force (IRGC-QF) and Ministry of Defense and Armed Forces Logistics (MODAFL).

America says that ‘these funds are used to support regional terrorist proxies and advance weapons systems that pose a direct threat to U.S. A.

The decision of the US government to revoke the 2018 sanctions waiver with regard to strategic Iranian port of Chabahar will have implications for India, which is engaged in the development of a terminal at the port.

The US Department of State in a statement said that in consistent with President Trump’s maximum pressure policy to isolate the Iranian regime, it has revoked the sanctions exception issued in 2018 under the Iran Freedom and Counter-Proliferation Act (IFCA) for Afghanistan reconstruction assistance and economic development, effective September 29, 2025.

“Once the revocation is effective, persons who operate the Chabahar Port or engage in other activities described in IFCA may expose themselves to sanctions under IFCA,” the statement said.