The United States has imposed sanctions on nearly two dozen companies and individuals accused of running a vast international network that smuggles Iranian oil to fund Iran’s military operations and terrorist groups.
According to the U.S. Treasury’s Office of Foreign Assets Control (OFAC), the Iranian government allocates billions of dollars’ worth of oil every year to its armed forces outside the official defense budget. This funding supports the development of ballistic missiles, drones, and the financing of terrorist organisations.
Since the current U.S. administration took office, OFAC has carried out 19 actions targeting Tehran and its affiliates, sanctioning a total of 253 individuals, companies, and vessels.
One of the main targets of the sanctions is Sepehr Energy, which is commercially tied to Iran’s Armed Forces General Staff (AFGS). OFAC had already sanctioned Sepehr Energy in November 2023 for providing material and financial support to Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL).
Content Original Link:
" target="_blank">
