The US Treasury Department Nov. 18 leveled sanctions against Iran’s Islamic Revolution Mostazafan Foundation, a conglomerate of holdings in Iran’s economy, including the energy sector. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The organization, referred to as Bonyad Mostazafan, acts as a charity, but uses its holdings to enrich Iran’s Supreme Leader Ali Khamenei, “reward his political allies, and persecute the regime’s enemies,” Treasury said in a press release. Treasury also targeted Mahmoud Alavi, Iran’s minister of intelligence and security. Iran’s oil exports are already under intense US sanctions pressure, and recent moves by the Trump administration have been seen as an attempt to harden its policy ahead of a Joe Biden White House. On Oct. 26, Treasury […]