The United States Department of the Treasury has imposed sanctions on 35 entities and individuals accused of supporting Iran’s financial and oil sectors.
According to officials, these entities allegedly played a significant role in facilitating billions of dollars’ worth of Iranian oil shipments, helping sustain the country’s economy despite existing restrictions.
The sanctions were announced in coordination with the Office of Foreign Assets Control, which oversees and enforces economic and trade sanctions.
OFAC warned that international banks could also face penalties if they continue doing business with companies making payments to Iran for transit through the Strait of Hormuz.
The US authorities also highlighted concerns regarding activities in Shandong Province, where several independent Chinese refineries are reportedly involved in importing or processing Iranian oil.
These developments signal a renewed push by the United States to tighten economic pressure on Iran and restrict its global oil trade networks.
The sanctions are expected to have wider implications for international businesses and financial institutions dealing with Iranian-linked operations.
