The U.S. government has expanded Iran oil sanctions to target several networks accused of smuggling Iranian oil. These sanctions aim to block profits that may fund destabilizing activities in the region.
In this latest action, the U.S. Treasury’s Office of Foreign Assets Control imposed sanctions on companies tied to Iraqi businessman Salim Ahmed Said. Officials claim this group disguises Iranian oil as Iraqi oil. Consequently, these transactions allegedly benefit Iran’s Islamic Revolutionary Guard Corps-Qods Force.
Moreover, several vessels involved in the covert transport of Iranian oil have also faced sanctions. These ships, reportedly part of Iran’s “shadow fleet,” now face strict penalties. Officials stress that such steps will hinder Iran’s ability to access oil-related revenues.
Treasury Secretary Scott Bessent emphasized the U.S. commitment to stopping Iran’s oil smuggling operations. He said the Iranian leadership has rejected peaceful options. Therefore, the U.S. government will maintain its strategy of applying financial pressure.
In addition, these sanctions fall under Executive Orders 13902 and 13224. These orders specifically target the Iranian economy and terrorism-related activities. The U.S. Department of State also announced additional penalties under Executive Order 13846.
Six companies and four ships are now under sanctions for their involvement in significant Iranian petroleum trades. Officials explain that such moves aim to block Tehran from accessing funds that could support hostile actions.
Furthermore, U.S. authorities believe these sanctions will reduce Iran’s oil exports. They expect restricted cash flow for Iran’s government and affiliated organizations. This approach also aims to limit the operational capacity of Iran’s maritime networks.
The U.S. remains committed to enforcing oil sanctions to curtail Iran’s regional influence. Officials say they will closely monitor all transactions related to Iranian oil exports.
These new oil sanctions highlight the U.S. push to isolate Tehran. With Iraqi firms allegedly involved in smuggling, Washington may extend pressure toward networks operating from Iraq.
