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U.S. Treasury Department sanctions network shipping Iranian oil to China

  • The U.S. Treasury Department imposed sanctions on an international network for facilitating the shipment of Iranian oil to China.
  • This network allegedly shipped millions of barrels of Iranian oil worth hundreds of millions of dollars to China, according to the Treasury Department.
  • The sanctions follow President Donald Trump's memorandum re-imposing a 'maximum pressure' campaign on Iran.
  • Iran reportedly earns billions of dollars annually from oil sales, funding its military and nuclear program, according to the Treasury Department.
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Right

Scott Bessent, U.S. Treasury Secretary, said Tehran “is still focused on harnessing its oil revenues to finance the development of its nuclear program, producing its deadly ballistic missiles and unmanned aerial vehicles, and supporting its regional terrorist groups.”

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Lean Left

Washington. The U.S. Treasury Department yesterday imposed sanctions on more than a dozen people and companies that are part of a network accused of facilitating the shipment of millions of barrels of Iranian oil to China.

·Mexico
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Center

Iran on Friday condemned new financial sanctions imposed by the United States against an international network accused of shipping hundreds of millions of dollars worth of Iranian oil to China, calling the sanctions "illegal" and...

·Romania
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Lean Left

As part of his “maximum pressure” policy against Tehran, Donald Trump announced on Thursday, February 6, financial sanctions targeting an international network that facilitates the shipment of millions of barrels of Iranian oil to China. A decision “contrary to international rules”, according to the head of Iranian diplomacy.

·Paris, France
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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, February 6, 2025.
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