The US Treasury Department has announced new sanctions on Iranian military oil sales in order to prevent Iran from rebuilding its armed forces and threatening the US and its partners in the region.
In a statement from the US Treasury Department, it was reported that the Office of Foreign Assets Control (OFAC) has taken additional steps against Iran's military oil sales.
The statement noted that these sales allow Iran to finance the reconstruction of its armed forces and continue its threats against the US and its partners in the region, and indicated that the Iranian military generates revenue by selling Iranian crude oil through a series of shell companies.
The statement said that Sepehr Energy Jahan, the oil sales arm of the Iranian General Staff, is heavily dependent on shadow fleet vessels and shell companies to carry out oil exports, and that various companies have been added to the sanctions list in this context.
US Treasury Secretary Scott Bessent commented on the matter, saying:
"The Treasury Department will continue to increase pressure on Iran's oil sales to deprive Iran and its military of the financial resources needed to threaten US allies and partners in the Middle East. We will not allow the Iranian government to increase oil revenues to rebuild its armed forces and military capabilities."
