OFAC, under its “Economic Fury” campaign, sanctions China’s Hengli refinery, 40+ shipping firms and shadow fleet vessels for enabling billions in illicit Iranian oil exports that fund Tehran’s regime 

The action exposes a vast maritime and financial network facilitating billions of dollars in Iranian oil sales, with tankers transporting crude, LPG, and petrochemicals to markets across Asia, particularly China and the UAE. According to Treasury, these actors—including multiple front companies and vessels engaged in ship-to-ship transfers and covert routing—help sustain Iran’s energy revenues and fund its regime activities. The sanctions, imposed under Executive Order 13902, block all U.S.-linked assets and prohibit transactions with…