meta_id 3194168

On May 28, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against entities facilitating illicit Iranian military oil sales. The action targets the financial networks supporting Iran's Armed Forces General Staff oil sales operations, which generate revenue for the regime's military reconstitution and regional threats. OFAC designated six entities pursuant to Executive Order 13224 (as amended): Growth Trading Co., Limited and Damai Technology Development Limited, both Hong Kong-based charterers of shadow fleet vessels transporting Iranian military crude oil; Tida Co., Limited, a Hong Kong-based front company serving as shipper and consignee of military oil cargoes; Mehdiyev Trading Co., Limited, a Hong Kong-based entity facilitating crude oil shipments to China; and Worth Seen Energy Limited, a Hong Kong-based company procuring refined petroleum products for Iran's National Iranian Oil Company (NIOC) on behalf of Sepehr Energy Jahan, the oil sales arm of Iran's Armed Forces General Staff. The designations follow Treasury's broader "Economic Fury" campaign, which Treasury said has disrupted tens of billions of dollars in regime revenue, frozen nearly half a billion dollars in regime-linked cryptocurrency, and targeted shadow fleet vessels sustaining Iran's illicit oil industry. Treasury warned that any person or vessel facilitating illicit Iranian oil trade risks U.S. sanctions exposure. The department cautioned foreign companies, including airlines, of sanctions risks for supporting Iranian commerce and indicated willingness to impose secondary sanctions on foreign financial institutions facilitating Iran's activities. Additionally, on May 27, 2026, Treasury designated Iran's "Persian Gulf Strait Authority," an Islamic Revolutionary Guard Corps (IRGC)-linked extortion scheme targeting international shipping transiting the Strait of Hormuz. The U.S. Department of State's Rewards for Justice program simultaneously offered up to $15 million for information disrupting IRGC financial mechanisms.