U.S. Sanctions Network Shipping Iranian Oil to China
The sanctions target entities facilitating oil sales funding Iran's military, nuclear program, and regional proxies.
- The U.S. Treasury Department imposed sanctions on an international network accused of shipping millions of barrels of Iranian oil to China.
- The network, including companies and individuals in China, India, and the UAE, allegedly funneled oil revenues to Iran’s Armed Forces General Staff via a front company, Sepehr Energy.
- Funds from the oil sales reportedly support Iran’s nuclear program, ballistic missile development, and U.S.-designated terrorist groups such as Hamas and Hezbollah.
- The sanctions include shadow fleet vessels and maritime firms involved in falsifying shipping documents to evade detection.
- These actions follow President Trump's executive order reinstating a 'maximum pressure' campaign aimed at reducing Iran's oil exports to zero.