U.S. targets Iran oil trade networks with latest sanctions
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
New Sanctions Imposed: The U.S. Treasury Department has announced new sanctions targeting a network led by Iraqi businessman Salim Ahmed Said, which has been involved in smuggling Iranian oil disguised as Iraqi oil since 2020.
Pressure on Iran's Revenue Sources: The sanctions also include several vessels and individuals linked to Hezbollah's financial operations, with the aim of disrupting Iran's access to funds that support its destabilizing activities.
Analyst Views on UCO
Wall Street analysts forecast UCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 21.310
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Current: 21.310
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
