U.S. Treasury Warning on Iranian Oil Transfers in Malaysia

SOURCE www.foxnews.com
The U.S. Treasury official warned of environmental risks from illicit transfers of Iranian oil off Malaysia. The United States is focused on preventing financing for militant groups routed through Southeast Asia.

Key Points

  • Iran raises money through the sale of illicit oil in East Asia
  • Focus on preventing Malaysia from being used for Hamas fundraising
  • U.S. Treasury officials visiting Singapore and Malaysia to counter Iran's financial activities

Pros

  • Efforts to prevent financing for militant groups
  • Awareness raised about environmental risks of illicit oil transfers

Cons

  • Potential for accidents or oil spills that threaten Malaysia's coasts