The U.S. government has imposed new sanctions on a network accused of helping Iran export oil to China, according to Treasury Department announcements released Monday.
The sanctions target three individuals and nine companies operating across Hong Kong, the United Arab Emirates, and Oman. U.S. officials said the entities allegedly helped facilitate Iranian oil shipments and financial transactions tied to Tehran’s military activities and regional proxy groups.
🇺🇸🇮🇷 The U.S. Treasury named 12 individuals and entities helping the IRGC move Iranian oil through Chinese buyers to dodge sanctions.
— Mario Nawfal (@MarioNawfal) May 11, 2026
Iran's oil revenue is the lifeblood of its proxy network. Cut the cash flow, and the whole operation gets harder to sustain.
Not to mention Iran… https://t.co/xPajxNz56G pic.twitter.com/zRCv95VKyh
According to Treasury Secretary Scott Bessent, the measures are designed to cut off funding connected to Iran’s nuclear ambitions and security operations. The report said U.S. authorities are also offering rewards for information that could disrupt the financial networks supporting Iranian oil trade.
The sanctions come ahead of planned talks between U.S. President Donald Trump and Chinese President Xi Jinping. Discussions are expected to include Iran tensions and shipping security around the Strait of Hormuz.
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