The target entities are in China, India, and the United Arab Emirates.
The Treasury Department announced new sanctions against an international network allegedly shipping Iranian oil to China. The sanctions target individuals, companies, and shipping networks facilitating Iranian oil sales to China. The entities are located in China, India, and the United Arab Emirates, and include shadow fleets and management companies identified by the State Department.
“The Iranian regime remains focused on leveraging its oil revenues to fund the development of its nuclear program, to produce its deadly ballistic missiles and unmanned aerial vehicles, and to support its regional terrorist proxy groups,” Treasury Secretary Scott Bessent stated last week.
“The United States is committed to aggressively targeting any attempt by Iran to secure funding for these malign activities,” he added.
The sanctions follow an executive order signed by President Trump directing the Treasury Department, in coordination with the State Department, to identify and penalize key sectors of Iran’s economy. State Department spokesperson Tammy Bruce emphasized the administration’s commitment to disrupting financial networks that fund Iranian armed forces and designated terrorist organizations such as Hamas and Hezbollah.
While announcing the executive order, President Trump reiterated that the goal is not to be aggressive toward Iran but to prevent it from acquiring nuclear weapons.
As the Lord Leads, Pray with Us…
- For Secretaries Rubio and Bessent as they impose sanctions upon the supporters of Iranian terrorism through oil trade.
- For discernment for President Trump and members of his Cabinet as they address adversarial nations.
Sources: The Hill, MSN
