Today, the Department of State is sanctioning approximately 40 individuals, entities, and vessels to stem the flow of revenue that the Iranian regime uses to support terrorism abroad. These targets have been involved in the trade of Iranian petroleum and petrochemical products that generate hundreds of millions of dollars of revenue for the Iranian regime. The designations include some of the largest buyers of Iranian petrochemical products by volume and value, as well as the leadership of the companies involved in the trade.
The Iranian regime continues to fuel conflict in the Middle East and fund its destabilizing activities. This behavior enables Iran's ability to fund its nuclear program, support terrorist groups, and disrupt trade and freedom of navigation in waterways crucial to global prosperity and economic growth. The United States will continue to take action against the network of terminal operators, port agents, shippers, brokers, and service providers involved in the trade of Iranian crude oil, petroleum products, and petrochemical products.
