Staff Reports
The Treasury Department just added another round of sanctions aimed at Iran’s oil smuggling network. This action names a dozen people and companies accused of helping the Islamic Revolutionary Guard Corps ship oil to China. The move is part of the Economic Fury campaign tied to President Trump’s maximum pressure strategy on Tehran.
What the sanctions target: Iran oil shipments and shadow networks
Treasury officials say these sanctions go after middlemen who arrange sales, shipments and the banking needed to move cash. The targets are accused of helping the IRGC sell oil to the People’s Republic of China and hide the proceeds. The department specifically called out shadow banking networks and even crypto channels that Iran uses to get around normal sanctions and fund its weapons and proxy operations.
Why this matters: cutting off IRGC funding
The whole point is simple: Iran sells oil, gets money, and then uses the cash to fund weapons, terrorist prox
