The fourth round of new sanctions seeks to pressure the oil and gas network.
The Treasury Department’s Office of Foreign Assets Control (OFAC) recently announced sanctions on 50 more entities linked to the Iranian oil and gas network, making this the fourth round of new sanctions imposed against the Middle Eastern nation by President Trump’s second administration. These sanctions target over 20 shipping vessels, a China-based terminal for crude oil, and a teapot refinery that the Treasury has accused of moving millions worth of liquefied petroleum gas for Iran.
The Treasury Department stated, “These actors have collectively enabled the export of billions of dollars’ worth of petroleum and petroleum products, providing critical revenue to the Iranian regime and its support for terrorist groups that threaten the United States.”
“The Treasury Department is degrading Iran’s cash flow by dismantling key elements of Iran’s energy export machine,” Secretary Scott Bessent stated.
As the Lord Leads, Pray with Us…
- For Secretary Bessent to be discerning as he oversees the imposition of sanctions against the supporters of terrorism.
- For Under Secretary Hurley as he heads the Office of Terrorism and Financial Intelligence.
Sources: UPI News, Department of the Treasury
