US DoT sanctions an international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars to China

The US Department of the Treasury’s OFAC has sanctioned an international network involved in shipping millions of barrels of Iranian crude oil to China, on behalf of Iran’s Armed Forces General Staff and its front company, Sepehr Energy. The sanctions target entities and individuals across China, India and the UAE including vessels like the SIRI to block Iran’s oil revenue used to fund its nuclear and missile programs and support terrorist groups…