The United States has imposed sanctions on an international network involved in the shipment of Iranian crude oil to China. This operation, conducted on behalf of Iran's Armed Forces General Staff (AFGS) and its associated company, Sepehr Energy Jahan Nama Pars (Sepehr Energy), is valued at billions of dollars. The proceeds from these sales are reportedly used to fund the development of ballistic missiles, unmanned aerial vehicles (UAVs), nuclear proliferation activities, and support for terrorist proxies such as the Houthis.
These measures align with National Security Presidential Memorandum 2, which aims to exert maximum pressure on Iran by restricting access to resources that enable destabilizing actions. The U.S. government emphasized its commitment to using available tools to hold Iran accountable for its activities.
The sanctions were enacted under Executive Order 13224, as amended by Executive Order 13886. Further details can be found in the Department of the Treasury Press Release.
