Economic Fury Targets Illicit Oil Revenue Fueling Iran’s Military

WASHINGTON— Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is taking additional action against Iran’s military oil sales, which is enabling the regime’s ability to fund the rebuilding of its armed forces and pose continued threats to the United States and its partners in the region. Iran’s military generates revenue through Iranian crude oil sales via an array of front companies to help fund its reconstitution and threaten its neighbors. "The Treasury Department will continue to increase pressure on Iranian oil sales to deprive the Iranian regime and its military of the financial resources it needs to threaten U.S. allies and partners in the Middle East," said Secretary of the Treasury Scott Bessent.