The US Treasury Department slapped sanctions on Iran’s petroleum “shadow fleet” and networks propping up the regime’s ballistic missile arsenal.
Officials in the Treasury’s Office of Foreign Assets Control announced the economic penalties were being placed on more than 30 individuals, entities and vessels enabling the illicit sale of Iranian oil — a “primary source of revenue for financing domestic repression, terrorist proxies and weapons programs.”
At least 12 vessels were listed for having moved millions of barrels of oil on behalf of the Ayatollah’s regime amid a bloody crackdown on protesters in the nation’s capital city.
Among the targeted entities were also suppliers of “precursor materials and sensitive machinery” for Tehran’s Islamic Revolutionary Guard Corps (IRGC) and Ministry of Defense and Armed Forces Logistics (MODAFL).
“Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its terrorist proxies,” Treasury Secretary Scott Bessent said.
“Under President Trump’s strong leadership, Treasury will continue to put maximum pressure on Iran to target the regime’s weapons capabilities and support for terrorism, which it has prioritized over the lives of the Iranian people.”
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