Why it matters:
Iran’s energy sector remains a primary source of revenue for the country’s economy. Washington’s latest measures aim to further restrict Iran’s access to global markets, intensifying economic pressure amid continued tensions with Tehran.
The big picture:
The sanctions, announced by both the U.S. Treasury and State Departments, reflect Washington’s ongoing campaign to stop Iran’s energy trade. The move comes as part of a broader strategy to undermine what U.S. officials call Iran’s networks to bypass international restrictions.
What he’s saying:
U.S. Treasury Secretary Scott Bessent:
“Treasury is degrading Iran’s cash flow by dismantling key elements of Iran’s energy export machine.” He added that under President Donald Trump, the administration is “disrupting the regime’s ability to fund terrorist groups that threaten the United States.”
Key points:
- The U.S. Treasury Department sanctioned over 50 individuals, entities, and vessels involved in billions of dollars worth of oil and liquefied petroleum gas (LPG) exports.
- Targets include networks based in the UAE, India, China, Hong Kong, and Singapore.
- The U.S. State Department separately sanctioned about 40 individuals, entities, and vessels, including major buyers of Iranian petrochemicals and operators of shadow fleet tankers.
- This is the fourth round of sanctions under President Trump targeting Chinese refineries that continue purchasing Iranian oil.
Bottom line:
The U.S. is escalating its pressure campaign on Iran’s energy sector by targeting its global supply chains and maritime networks.
Despite years of sanctions, Iran has maintained oil exports through alternative routes and by leveraging Asian buyers, particularly in China.
Iran Slams G7 Statement on Restoring Sanctions as a Distortion of Reality
Hossein Vaez - ahmad shirzadian
