The United States is taking coordinated action to sever the Iranian regime's access to the revenue streams that fuel its regional aggression and global terrorism. The Department of State is sanctioning numerous entities, individuals, and vessels that form the backbone of Iran's illicit oil economy, directly targeting the financial lifelines of the Islamic Revolutionary Guard Corps (IRGC) and Iran's military apparatus. As part of this action, State is designating eight entities and identifying eight vessels as blocked property for their transportation of Iranian petroleum, or petrochemical products, and also designating three entities and an individual in connection with trade in Iranian-origin petrochemical products.
Concurrently, the Department of the Treasury is sanctioning key players in an oil sales network that has moved tens of millions of barrels of Iranian oil worth billions of dollars. These Hong Kong-based entities have facilitated the storage, transport, and sale of this oil, directly funding the IRGC, Iran's Armed Forces General Staff, and its military apparatus. This network represents a critical node in Iran's ability to generate revenue for destabilizing activities across the Middle East.
The United States will not hesitate to take action against anyone, anywhere, funding the Iranian government's ability to attack its neighbors and its own people. Any entity cooperating with Iran's illicit oil trade or trading Iranian energy products faces the risk of exposure to U.S. sanctions.
Additionally, the Rewards for Justice (RFJ) program is offering a reward
