The State Department is designating 17 entities, individuals, and vessels in several countries, including, but not limited to India, Panama, and the Seychelles, involved in Iran’s petroleum and petroleum products sales. Concurrently, the Department of the Treasury is designating 41 entities, individuals, vessels, and aircraft, intensifying its efforts against Iran’s petroleum and petrochemical exports and disrupting financial streams and commercial operatives that support Iran’s malign activities.

The United States will continue to act in support of National Security Presidential Memorandum 2 (NSPM-2), which directs the imposition of maximum pressure on the Iranian regime to deny it access to resources needed to sustain its destabilizing activities.

The United States remains committed to disrupting the illicit funding streams that finance all aspects of Iran’s malign activities. As long as Iran devotes revenue to funding attacks against the United States and our allies, supporting terrorism around the world, and pursuing other destabilizing actions, we will use all the tools at our disposal to hold the regime accountable.

Today’s action is being taken pursuant to the counterterrorism authority Executive Order (E.O.) 13224, as amended, E.O. 13846, and E.O. 13902, which target Iran’s petroleum and petrochemical sector.  It continues the robust U.S. sanctions campaign targeting Iranian oil sales. For more information on today’s action, please see Treasury’s Press Release and the Department’s Fact Sheet.

url:https://www.state.gov/releases/office-of-the-spokesperson/2025/11/sanctioning-illicit-networks-engaged-in-iranian-petroleum-trade/