Treasury Department Expands Iran Oil Sanctions
Newsmax
Last updated: May 12, 2026
The Treasury Department has imposed sanctions on individuals and entities facilitating the illicit sale and shipment of Iranian oil to China. These actions are part of ongoing efforts to disrupt the financial networks supporting the Islamic Revolutionary Guard Corps (IRGC). The sanctions target those involved in deceptive practices to mask the origin of the oil.
- The targeted individuals and entities are accused of operating a network that assists the IRGC in evading sanctions by selling and transporting Iranian oil, primarily to China. These sanctions aim to cripple the IRGC's revenue streams derived from oil sales. The Treasury Department highlighted that the sanctioned parties utilized various deceptive methods to conceal the oil's origin, thereby circumventing international restrictions. This enforcement action underscores the administration's commitment to disrupting illicit financial activities linked to sanctioned entities. The measures taken are intended to isolate the IRGC further and prevent it from accessing global markets through clandestine channels. The focus on the oil trade points to its significance as a funding source for the IRGC.
