The United States is implementing coordinated measures to cut off the Iranian regime’s financial lifelines that underpin its regional aggression and support for global terrorism. The Department of State is imposing sanctions on a range of entities, individuals, and vessels that constitute the backbone of Iran’s illicit oil economy, directly targeting the financial channels of the Islamic Revolutionary Guard Corps (IRGC) and the broader Iranian military apparatus. State has designated eight entities and identified eight vessels as blocked property for transporting Iranian petroleum or petrochemical products, and has also sanctioned three entities and an individual involved in the trade of Iranian-origin petrochemical goods.
In parallel, the Department of the Treasury is sanctioning key actors in an oil‑sales network that has moved tens of millions of barrels of Iranian oil, valued in the billions of dollars. Hong Kong‑based entities have facilitated the storage, transport, and sale of this oil, directly funding the IRGC, Iran’s Armed Forces General Staff, and other military branches. This network represents a critical node in Iran’s ability to generate revenue for destabilizing activities across the Middle East.
The United States remains committed to taking action against anyone facilitating the Iranian government’s capacity to launch attacks on its neighbors or its own population. Entities collaborating with Iran’s illicit oil trade or trading Iranian energy products face the risk of U.S. sanctions.
Additionally, the Rewards for Justice (RFJ) program is offering up to $15 million for information leading to the disruption of the financial mechanisms supporting the IRGC and its affiliated branches.
These actions are carried out under Executive Order 13224, as amended, and Executive Order 13846, following the national security strategy to impose maximum economic pressure on Iran.