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Tag: iran

  • New Round of Economic Fury Sanctions Targets IRGC Oil Operations

    New Round of Economic Fury Sanctions Targets IRGC Oil Operations

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    New Round of Economic Fury Sanctions Targets IRGC Oil Operations

    Thomas “Tommy” Pigott, Spokesperson

    New Round of Economic Fury Sanctions Targets IRGC Oil Operations

    Press Statement

    May 11, 2026

    The Trump Administration is intensifying pressure on the Islamic Revolutionary Guard Corps (IRGC) by targeting the financial networks that enable its illicit oil operations.

    Today, the United States is sanctioning a network involved in selling and shipping Iranian oil to overseas buyers on behalf of the IRGC and three senior officials from the IRGC’s Shahid Purja’fari Oil Headquarters who coordinate these illicit transactions. These actions disrupt illicit funding streams that finance Iran’s support for terrorist proxies and regional aggression. These oil revenues belong to the Iranian people, who face daily economic hardship due to the Iranian regime’s corruption, mismanagement, and prioritization of funding terrorist militias and weapons programs over addressing the basic needs of its citizens.

    This action represents an additional round of sanctions under Economic Fury, part of the Administration’s maximum pressure campaign against Iran. The United States will continue denying the Iranian regime access to revenue that funds terrorism, threatens regional stability, and enables attacks on U.S. forces and allies.

    Additionally, the U.S. Department of State’s Rewards for Justice program is offering a reward of up to $15 million for information leading to the disruption of the financial mechanisms of Iran’s Islamic Revolutionary Guard Corps (IRGC) and its various branches. More information is available on the RFJ website.

    Today’s action is being taken pursuant to the counterterrorism authority Executive Order (E.O.) 13224, which targets terrorist groups, their supporters, and those who aid in acts of terrorism. The IRGC was designated pursuant to E.O. 13224 on October 13, 2017, for its support to the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). For more information, see Treasury’s Press Releases. The National Iranian Oil Company was also designated pursuant to E.O. 13224 on October 26, 2020 for its support to the IRGC-QF.

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  • Disrupting Iran’s Overseas Military Procurement Networks

    Disrupting Iran’s Overseas Military Procurement Networks

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    Disrupting Iran’s Overseas Military Procurement Networks

    Marco Rubio, Secretary of State

    Disrupting Iran’s Overseas Military Procurement Networks

    Press Statement

    May 8, 2026

    Today, the Trump Administration is imposing sanctions on 11 entities and three individuals based in Iran, China, Belarus, and the United Arab Emirates (UAE) involved in Iran’s efforts to acquire or use arms and related materiel. Included in today’s actions are several China-based entities providing satellite imagery to enable Iran’s military strikes against U.S. forces in the Middle East. Additionally, we are designating entities and individuals enabling efforts by Iran’s military to secure weapons, as well as raw materials with applications in Iran’s ballistic missile and unmanned aerial vehicle (UAV) programs.

    Today’s action holds China-based entities accountable for their support to Iran. The United States will take all necessary action at its disposal to target third-country entities and individuals aiding Iran’s military and defense industrial base.

    In furtherance of President Trump’s National Security Presidential Memorandum-2, the United States is acting to disrupt procurement networks supporting Iran’s military programs. This action represents the United States’ ongoing commitment to supporting the reimposition of United Nations (UN) restrictive measures and sanctions on Iran, which occurred as a direct result of Iran’s “significant non-performance” of its nuclear commitments.

    Consistent with its UN obligations, the United States will use all available tools, including U.S. autonomous sanctions on the entities and individuals engaging in activities prohibited by UN Security Council resolutions (UNSCRs), to expose, disrupt, and counter Iran’s destabilizing activities and to stop Iran from engaging in activities related to the reconstitution of its proliferation-sensitive programs.

    The Department of State’s action was taken pursuant to Executive Order (E.O.) 13949, which targets certain persons with respect to the conventional arms activities of Iran. The Department of the Treasury’s action was taken pursuant to E.O. 13382, which targets proliferators of weapons of mass destruction and their supporters. For more information on today’s actions, please see the Department of State’s fact sheet and Department of the Treasury’s press release.

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