Foreign Trade
Trump's Economic Fury Targets Iranian Oil Network as U.S. Expands Pressure Campaign
The Trump administration unveiled new sanctions targeting the Islamic Revolutionary Guard Corps' global oil network, designating 12 individuals and entities accused of facilitating Iranian oil sales to China through front companies and shadow fleet tankers. Treasury Secretary Scott Bessent stated the campaign will continue depriving the regime of funding for weapons programs and nuclear ambitions. The action targets operatives across Hong Kong, Dubai, Sharjah, and Oman involved in sanctions evasion operations.