Under Operation Economic Outcast, the United States is using every diplomatic and economic tool available to isolate the Iranian regime, sever its economic lifelines, and protect the United States, our partners, and freedom of navigation.
Today, the Department of State is taking action to dismantle Iran’s shadow fleet and the Iranian regime’s ability to use the illicit oil trade to fund its malign activities. The Department of State is sanctioning ten entities, six individuals, and five vessels involved in the trade of Iranian-origin petroleum or petrochemical products.
Additionally, the Department of the Treasury is sanctioning 17 entities and their shadow fleet vessels. These measures will deprive the Iranian regime of funds and prevent it from using the shadow fleet to transport Iranian petroleum and petrochemicals and evade U.S. sanctions.
All Department of State targets are being sanctioned pursuant to Executive Order (E.O.) 13846, which authorizes and reimposes certain sanctions with respect to Iran. Treasury’s action was taken pursuant to Executive Order (E.O.) 13902, which targets the Iranian petroleum sector, among other key sectors of the Iranian economy. For more information on today’s action, please see the Department of the Treasury’s press release and State’s Fact Sheet.