Maximum Pressure Sanctions on Illicit Traders of Iranian Oil and Petrochemical Products

The Department of State, today, is sanctioning seven entities engaged in the trade of Iranian petroleum products and petrochemical products and is identifying two vessels as blocked property. The President is committed to driving Iran’s illicit oil and petrochemical exports — including exports to China — to zero under his maximum pressure campaign.

This action designates four sellers and one purchaser of Iranian petrochemicals worth hundreds of millions of dollars.

Additionally, the Department of State is sanctioning one marine management company that has played a key role in the Iranian crude energy supply chain that transports millions of barrels of Iranian petroleum products, and an Iran-based cargo inspection company.

Two vessels managed by this marine management company are also being identified as blocked property.

So long as Iran attempts to generate oil and petrochemical revenues to fund its destabilizing activities, and support its terrorist activities and proxies, the United States will take steps to hold both Iran and all its partners engaged in sanctions evasion accountable.

All targets are being designated pursuant to Executive Order (E.O.) 13846, which authorizes and reimposes certain sanctions with respect to Iran, and in furtherance of President Trump’s National Security Presidential Memorandum 2.