The US Departments of State and Treasury announced a new sanctions package targeting the financing network of the Iranian Revolutionary Guard and the Iranian military apparatus, as part of the “economic anger” campaign.
Under the new procedures, the US State Department classified 8 entities, and identified 8 ships as prohibited property, against the backdrop of transporting Iranian oil or petrochemical products. The sanctions also included 3 entities and one individual linked to the trade in petrochemical products of Iranian origin.
In contrast, the Treasury Department imposed sanctions on key parties in an oil selling network, which it said transported “tens of millions of barrels of Iranian oil worth billions of dollars.”
These entities are based in Hong Kong and, according to the statement, facilitated the storage, transportation, and sale of Iranian oil, which directly funded the Iranian Revolutionary Guard and the General Staff of the Iranian Armed Forces.
The Ministry of Foreign Affairs said that the measures target the “financial arteries” of the Revolutionary Guard and the Iranian military apparatus, considering that the network represents an essential node in Tehran’s ability to generate revenues for its activities in the Middle East.
Washington warned that any party that cooperates with the illegal Iranian oil trade, or deals with Iranian energy products, may be subject to US sanctions.
This step comes as part of the maximum economic pressure campaign on Iran, and based on Presidential National Security Memorandum No. 2 of President Donald Trump.
The “Rewards for Justice” program also offers a reward of up to $15 million for information that helps disrupt the financial mechanisms of the Iranian Revolutionary Guard and its branches.
The sanctions coincide with the continued US escalation against Iran, as Washington has imposed a naval blockade on Iranian ports since April 13, 2026, while Tehran responded by closing the Strait of Hormuz to ships heading to and from Iran.
Earlier this month, the Treasury Department imposed sanctions on 12 individuals and entities linked to the transport of Iranian oil to China, within a network of front companies in Hong Kong, the Emirates, and the Sultanate of Oman.
Treasury Secretary Scott Besent said the “economic rage” campaign would continue to deprive the Iranian regime of funding for its weapons programs, its proxies and its nuclear ambitions. (Russia Today)
