The agency says that the Iranian ships carry products that fund proxies and missiles.
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions on nine vessels and eight owners from Iran’s “shadow fleet.” The department stated that these illegal organizations have shipped millions of dollars in Iranian petroleum and petroleum products, and are helping to finance the Iranian “regime.”
The department stated, “This revenue, which rightfully belongs to the Iranian people, is instead diverted to fund its regional terrorist proxies, weapons programs, and security services, instead of the basic economic services the Iranian people have bravely demanded.”
Secretary of the Treasury Scott Bessent stated that the sanctions “target a critical component of how Iran generates the funds used to repress its own people. As previously outlined, Treasury will continue to track the tens of millions of dollars that the regime has stolen and is desperately attempting to wire to banks outside of Iran.”
As the Lord Leads, Pray with Us…
- For Secretary Bessent as he heads the Treasury Department and oversees the placement of sanctions against hostile foreign entities.
- For Department of Treasury officials as they seek to prevent the generation of funds to support terrorism.
- For the president and members of his Cabinet to seek God’s wisdom as they impose further restrictions on oppressive regimes.
Sources: Department of the Treasury, UPI News
