Among those sanctioned are oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and managers in India and the People’s Republic of China (PRC), the head of Iran’s National Iranian Oil Company, and the Iranian Oil Terminals Company, whose operations help finance Iran’s “destabilising activities”, the Treasury Department said in a statement.
The US imposed sanctions on Monday targeting dozens of individuals and oil tankers across China, the UAE, India, and other regions for allegedly financing Iran and its support for militant groups that attack the US and its allies.
“The United States 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 sanctions, issued by the US Treasury and State Departments, include more than 30 individuals and vessels involved in brokering and transporting Iranian oil.
“Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilising activities,” said Secretary of the Treasury Scott Bessent.
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