The U.S. Department of the Treasury issued sanctions on a network of individuals, companies, aircraft and other assets it says are helping Iran skirt restrictions on its petroleum exports and fund illicit activities, the department announced on Nov. 20.

The sanctions continue the “Treasury’s campaign to cut off funding for the Iranian regime’s development of nuclear weapons and support of terrorist proxies,” stated Scott Bessent, the U.S. treasury secretary.

“Disrupting the Iranian regime’s revenue is critical to helping curb its nuclear ambitions,” he said.

The Iranian military is increasingly relying on crude oil sales to prop up its budget since its 12-day war with Israel and the United States in June, according to the department.

Thursday’s actions focused on companies and entiti

See Full Page