On May 13, 2025, the U.S. Treasury’s OFAC sanctioned nearly two dozen entities involved in Iran’s illicit oil trade, which funds military and terrorist activities.
Key actions include:
- Targeting Sepehr Energy and its network of front companies in Hong Kong and China.
- Designating inspection firms like CCIC Singapore for concealing oil origins.
- Sanctioning shipping agents and shadow fleet operators facilitating oil transport.
These measures, under Executive Order 13224, aim to disrupt Iran’s revenue streams supporting destabilizing activities.
Tags #International, #Government, #Security
Lucem News Editor’s Opinion: Iran is going to learn the easy way or the hard way. They are one of the leading supporters of terrorism around the world today. And they are enriching uranium in a way that would allow them to make atomic bombs. The western world is not going to allow the nukes to happen there. In terms of the terrorism, it’s very complicated. In any case, the T Department’s actions today are not complicated. If you are a company doing business with Iranian oil, you are going to face sanctions.
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