The U.S. Treasury and the U.S. State departments sanctioned more than 30 people and ships, including the heads of Iran’s National Iranian Oil Co., and the Iranian Oil Terminals Co., for their role in brokering the sale and transportation of Iranian oil.
This is the second round of sanctions imposed on Iranian oil sales since President Donald Trumpissued the National Security Presidential Memorandum 2, which calls for the U.S. to “drive Iran’s export of oil to zero.” It also states that Iran “can never be allowed to acquire or develop nuclear weapons.”.
Treasury Secretary Scott Bessent said that the U.S. "will use all our available tools to target all aspects of Iran’s oil supply chain, and anyone who deals in Iranian oil exposes themselves to significant sanctions risk.”.
The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.S. and its allies.
During his confirmation hearing, Bessent criticized the Biden administration’s sanctions policies and called for the U.S. to have a more “muscular” sanctions regime and to be more aggressive in targeting Iran and Russian entities and oil.
