US enacts sanctions against network facilitating Iranian oil shipments to China

WASHINGTON — The Department of Treasury in the United States announced on Thursday that sanctions would be enforced against a network involving over a dozen individuals and companies accused of enabling the transport of millions of barrels of Iranian oil to China.

The sanctions were enacted by the Office of Foreign Assets Control, targeting a variety of entities based in China, India, and the United Arab Emirates. Included among those sanctioned are both Iranian and Indian nationals, as well as firms specializing in crew management and various maritime vessels.

According to Treasury Secretary Scott Bessent, the Iranian government is determined to capitalize on its oil income to finance the advancements of its nuclear initiatives, develop its ballistic missile capabilities and drones, and to support terrorist groups throughout the region.

At his confirmation hearing, Bessent expressed criticism of the current sanctions policies of the Biden administration, advocating for a more assertive approach to sanctions, particularly concerning Iran and Russian oil interests.

In a related statement, State Department representative Tammy Bruce asserted that the United States would “employ all available methods to hold the regime accountable for its destabilizing actions and pursuit of nuclear armament that pose a threat to global stability.”

During an executive order signing on Tuesday that instructed the U.S. government to intensify pressure on Tehran, President Donald Trump remarked that there was a possibility of negotiating with Iran.

“We don’t aim to be harsh on Iran or anyone else,” Trump stated. “However, they must not possess a nuclear bomb.”

Furthermore, Trump indicated that he had directed his advisors to ensure a decisive response against Iran should there be any threat to his life.

Iranian officials have conveyed their stance as they await indications from Trump regarding his willingness to discuss the country’s rapidly advancing nuclear capabilities.