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State Department Sanctions and Identification of the Petroleum and Petrochemical Sectors of Iran’s Economy [ https://www.state.gov/state-department-sanctions-and-identification-of-the-petroleum-and-petrochemical-sectors-of-irans-economy/ ] 10/11/2024 03:11 PM EDT
Antony J. Blinken, Secretary of State
In the aftermath of Iran’s unprecedented October 1 attack against Israel, the United States made clear that we would impose consequences on Iran for its actions.  To that end, we are taking steps today to disrupt the flow of revenue the Iranian regime uses to fund its nuclear program and missile development, support terrorist proxies and partners, and perpetuate conflict throughout the Middle East.
The Department of State is imposing sanctions on six entities engaged in Iranian petroleum trade and identifying six vessels as blocked property. Concurrently, the Department of the Treasury, in consultation with the Department of State, is issuing a determination that will lead to the imposition of sanctions against any person determined to operate in the petroleum or petrochemical sectors of the Iranian economy.  Additionally, Treasury is sanctioning ten entities and identifying 17 vessels as blocked property for their involvement in shipments of Iranian petroleum and petrochemical products in support of U.S.-designated entities National Iranian Oil Company or Triliance Petrochemical Co. Limited.
The United States is committed to curtailing Iran’s sources of revenue for its malign activities.  As long as Iran devotes its energy revenues to funding attacks on our allies, supporting terrorism around the world, and pursuing other destabilizing actions, we will continue to use all the tools at our disposal to hold it accountable.  These measures will be reinforced by ongoing close coordination with partners and allies to address and counter Iran’s actions.
“Today’s actions are being taken pursuant to “”E.O. 13902″ [ https://www.federalregister.gov/documents/2020/01/14/2020-00534/imposing-sanctions-with-respect-to-additional-sectors-of-iran ]”, which provides authority to determine sectors of Iran’s economy and authorizes the imposition of sanctions on persons operating in those sectors, and “”E.O. 13846″ [ https://www.federalregister.gov/documents/2018/08/07/2018-17068/reimposing-certain-sanctions-with-respect-to-iran ]”, which authorizes and reimposes certain sanctions with respect to Iran.  For more information see the Department “”Fact Sheet” [ https://www.state.gov/sanctioning-entities-that-have-traded-in-irans-petroleum/ ]” and Treasury’s “”press release” [ https://home.treasury.gov/news/press-releases/jy2644 ]”.”
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