The US has imposed new sanctions on Iran's energy exports.

Important Announcement from the U.S. Treasury Department

The U.S. Treasury Department announced the implementation of new sanctions targeting Iran's oil and petrochemical exports. In this context, more than 50 individuals, companies, and vessels identified as facilitating Iran's oil and liquefied petroleum gas (LPG) sales have been added to the sanctions list.

Targets of the Sanctions

The announcement emphasized that the sanctions specifically target critical elements supporting Iran's energy exports, including shadow fleet vessels, a China-based crude oil terminal, and an independent "teapot" refinery. These elements play a significant role in enabling Iran to achieve billions of dollars in revenue from oil product exports.

Secretary Bessent's Assessment

U.S. Treasury Secretary Scott Bessent stated in a press release, "The Treasury Department is disrupting Iran's cash flow by dismantling the key elements of its energy export mechanism." Bessent also noted that these sanctions would significantly limit Iran's ability to fund terrorist groups that threaten the U.S. and its allies.

Additional Sanctions from the State Department

The U.S. State Department announced it also imposed sanctions on approximately 40 individuals, entities, and vessels involved in Iran's trade of energy products. These measures aim to prevent the Iranian regime from generating more revenue in international markets.