The United States on Friday sanctioned a network of entities and individuals alleged to have funneled billions of dollars to Iran via illicit oil sales, taking aim at a China-based terminal operator responsible for importing tens of millions of barrels of sanctioned crude.
According to the State Department, the move as part of ongoing actions under the Trump administration’s Economic Fury policy to derail Tehran’s main revenue source for financing military action and terrorist activities. The move represents the 12th round of sanctions on Iranian oil sales since National Security Presidential Memorandum-2 was issued on Feb. 4, 2025.
“The United States is taking decisive action to disrupt Iran’s illicit oil trade, the Iranian regime’s primary revenue streams that fund terrorism and regional destabilization,” the department said in a fact sheet….