The U.S. Departments of State and Treasury have announced new sanctions targeting shipping networks involved in funding the Iranian government’s activities through illicit oil sales, as well as an airline and its affiliates that provide arms and supplies to groups supported by Iran. According to the announcement, funds from these oil trades are used to support regional terrorist proxies and to procure weapons systems that pose a threat to U.S. forces and allied countries.
The State Department has designated 17 entities, individuals, and vessels located in several countries, including India, Panama, and the Seychelles, for their involvement in Iran’s petroleum trade. At the same time, the Treasury Department has sanctioned 41 entities, individuals, vessels, and aircraft. These actions aim to intensify efforts against Iran’s petroleum and petrochemical exports while disrupting financial channels that support activities considered malign by the U.S.
The measures align with National Security Presidential Memorandum 2 (NSPM-2), which calls for maximum pressure on Iran to limit its access to resources needed for what the U.S. describes as destabilizing activities.
A statement from the departments reads: "The United States remains committed to disrupting the illicit funding streams that finance all aspects of Iran’s malign activities. As long as Iran devotes revenue to funding attacks against the United States and our allies, supporting terrorism around the world, and pursuing other destabilizing actions, we will use all the tools at our disposal to hold the regime accountable."
The latest sanctions are enacted under Executive Orders 13224 (as amended), 13846, and 13902—authorities focused on Iran's petroleum sector—and continue ongoing efforts by the U.S. government to restrict Iranian oil sales.
For further details on these actions, additional information is available through press releases issued by both departments.
