The Department of State is sanctioning three entities and identifying three vessels as blocked property today to stop the flow of revenue the Iranian regime uses to finance its destabilizing activities. These entities provide services to the ghost fleet vessels conducting ship-to-ship (STS) transfer operations outside port limits in Southeast Asia, and enabling Iran's attempts to disguise its illicit oil trade.
The Department of the Treasury is concurrently designating Iran's Minister of Petroleum Mohsen Paknejad and several entities transporting Iranian oil to China, and will identify their vessels as blocked property. The Iranian regime and its military are stealing the nation's oil wealth with the help of Mohsen Paknejad, the head of Iran's Oil Ministry.
Today's action advances President Trump's policy of maximum pressure on the Iranian regime, which is designed to end Iran's nuclear threat, curtail its ballistic missile program, and stop it from supporting or rebuilding its terrorist proxy groups, including by driving Iran's oil exports to zero - especially oil exports to China.
We will continue to disrupt illicit funding to curb malign activities, limit the financial resources available to corrupt officials, and use all the tools at our disposal to hold the regime accountable.
Today's State Department action is being taken pursuant to Executive Order (E.O.) 13846, which targets transactions involving petroleum from Iran. Today's Treasury Department action is being taken pursuant to E.O. 13902, which targets Iran's petroleum and petrochemical sectors. These actions mark the third round of sanctions targeting Iranian oil sales since the President issued National Security Presidential Memorandum 2 on February 4, 2025, ordering a campaign of maximum pressure on the Iranian regime, including by reducing Iran's oil exports to zero.
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