The United States has imposed sanctions on 35 entities and vessels that have transported Iranian oil. The Iranian regime uses oil revenues to fund its nuclear program, missile and UAV development, support for terrorist proxies and partners, and to perpetuate conflict throughout the Middle East.
This action imposes additional costs on Iran's petroleum sector following Iran's announced nuclear escalations. It builds upon the sanctions announced on October 11 when the United States identified the petroleum and petrochemical sectors of Iran under Executive Order (E.O.) 13902, following Iran's October 1, 2024 attack against Israel. This identification allows the Department of the Treasury to target a broader range of activities and persons relating to Iran's trade in petroleum and petroleum products. We are using this expanded authority to impose sanctions on actors operating in Iran's petroleum sector.
The United States is committed to curtailing Iran's sources of revenue for its malign activities, consistent with the objectives of the Stop Harboring Iranian Petroleum Act (SHIP Act). As long as Iran devotes its energy revenues to funding attacks on our allies, supporting terrorism around the world, and pursuing other destabilizing actions, we will continue to use all the tools at our disposal to hold the regime accountable. These measures will be reinforced by ongoing close coordination with partners and allies to address and counter Iran's actions.
Yesterday's actions were taken pursuant to E.O. 13902
