The United States has announced sweeping new sanctions on Iran’s oil and gas network, targeting nearly 90 individuals, companies, and vessels accused of transporting and trading Iranian petroleum and liquefied petroleum gas (LPG) in violation of international restrictions.
According to official statements, the U.S. Department of State has sanctioned around 40 individuals, entities, and ships involved in the sale and movement of Iranian energy products that generate hundreds of millions of dollars in revenue for Tehran.
The list includes some of the largest petrochemical buyers by both volume and value, as well as executives overseeing the operations. Among the targets are several “shadow fleet” vessels that allegedly conceal the origin of Iranian oil and a China-based liquid petrochemical products terminal facilitating the trade.
At the same time, the U.S. Department of the Treasury imposed sanctions on over 50 additional people, companies, and vessels said to be linked to Iran’s
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