Iran Oil Sanctions: Targeting Traders, Helping People

The United States has imposed sanctions on eight entities and nine vessels linked to Iran’s shadow fleet, aiming to further restrict the country’s ability to finance its regime and destabilizing activities.

Iran Sanctions Increased by U.S.

The Department of the Treasury stated the sanctioned entities have shipped hundreds of millions of dollars’ worth of Iranian petroleum and petroleum products, including liquefied petroleum gas (LPG). These shipments contribute to funding the Iranian regime and its security forces.

The action comes as Iranians protest the regime’s economic mismanagement, which has led to massive inflation, crumbling infrastructure, and shortages of essential resources like water and electricity. Officials say the regime prioritizes funding foreign proxies and missile programs over the basic needs of its citizens.

This latest action intends to constrain Iran’s ability to export petroleum and petroleum products through obscured methods and limit its capacity to repress its population and engage in international malign behavior.

The United States will continue to implement National Security Presidential Memorandum 2, which directs maximum pressure on the Iranian regime to deprive it of revenues funding destabilizing activities.

Today’s action is pursuant to Executive Order (E.O.) 13902, targeting Iran’s petroleum and petrochemical sectors, and supports NSPM-2 issued on February 4, 2025. Further information is available in the Department of the Treasury’s press release.