Sweeping Sanctions on Iran’s Energy Exports

Today, the Department of State is acting to deny the Iranian regime funds it uses to conduct its malign activity. We are sanctioning approximately 40 individuals, entities, and vessels involved in the trade of Iranian energy products that generates hundreds of millions of dollars of revenue for the Iranian regime. These designations include some of the largest buyers of Iranian petrochemical products by volume and value, as well as the leadership of the companies involved in that trade. The Department is also designating a China-based liquid petrochemical products terminal and multiple shadow fleet operators and vessels.

Concurrently, the Department of the Treasury is sanctioning over 50 individuals, entities, and vessels involved in exporting Iranian petroleum and liquefied petroleum gas (LPG) to global markets. Treasury is designating a network of actors that facilitate hundreds of millions of dollars in LPG shipments, a China-based crude oil terminal, and a Chinese refinery purchasing Iranian oil. These actions aim to disrupt funding for Iran's regime and its military activities that threaten the United States and regional allies.

The Trump Administration continues to vigorously implement and enforce all U.S. sanctions on Iran as part of its maximum pressure campaign.  So long as Iran attempts to generate oil revenues to fund its subversive activities, the United States will act to counter and to promote accountability for Iran and its partners in sanctions evasion.  

Today's actions are being taken pursuant to Executive Order (E.O.) 13902, which targets those operating in certain sectors of the Iranian economy, as well as E.O. 13846, which targets Iran's petroleum and petrochemical sectors. This action further targets Iranian oil sales in support of the President's National Security Presidential Memorandum 2 (NSPM-2).  This is the fourth sanctions action of this administration targeting China-based refineries that receive Iranian oil, and it builds on actions in July and August targeting key enablers of Iran's oil exports.  For more information, please see Treasury's Press Releases and State's Fact Sheet.

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