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US sanctions companies involved in Iran’s oil exports to China

2025.05.14, 14:45
US sanctions companies involved in Iran’s oil exports to China

The US Treasury Department has imposed sanctions on a network of nearly two dozen companies and shipping agents accused of assisting Iran in transporting billions of dollars' worth of oil to China.

Gunaz.tv

These companies, based in Hong Kong and mainland China, are alleged to have played a critical role in disguising Iranian crude oil as coming from other sources and funneling it to China.

The network is said to have facilitated shipments for Iran's Armed Forces General Staff, the country’s top military body, and its front company, Sepehr Energy.

The US Treasury’s Office of Foreign Assets Control stated that the network's activities were aimed at circumventing sanctions and helping Iran maintain its oil trade.

This oil trade funds Iran's destabilizing activities, including the development of ballistic missiles and drones, nuclear proliferation, and attacks by the Houthi militia on various targets, including shipping in the Red Sea.

Treasury Secretary Scott Bessent emphasized that the latest action demonstrates the US's continued efforts to intensify pressure on every aspect of Iran's oil trade.

“The United States will keep targeting this primary source of revenue for as long as the regime continues its support for terrorism and proliferation of deadly weapons,” Bessent said.

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