• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
Carrot And Stick: Treasury Slaps Iran With New Oil Sanctions As Trump Promises ‘More Hopeful Future’

Carrot And Stick: Treasury Slaps Iran With New Oil Sanctions As Trump Promises ‘More Hopeful Future’

May 13, 2025
Trump DOJ Promised Transparency. Conservative Orgs Think It’s Falling Short

Trump DOJ Promised Transparency. Conservative Orgs Think It’s Falling Short

June 17, 2025
Will American Allies’ Crippling Covert Strikes Be Wake-Up Call For US?

Will American Allies’ Crippling Covert Strikes Be Wake-Up Call For US?

June 17, 2025
‘Not Getting The Job Done’: Chip Roy Says Senate Changes To Trump’s Megabill Is Dead On Arrival In House

‘Not Getting The Job Done’: Chip Roy Says Senate Changes To Trump’s Megabill Is Dead On Arrival In House

June 17, 2025
‘Doesn’t Have The Votes’: GOP House Members Blast Senate’s ‘Big, Beautiful’ Bill Revisions

‘Doesn’t Have The Votes’: GOP House Members Blast Senate’s ‘Big, Beautiful’ Bill Revisions

June 17, 2025
NYC Socialist Mayoral Candidate Hires Private Security While Pushing Lefty Police Reform

NYC Socialist Mayoral Candidate Hires Private Security While Pushing Lefty Police Reform

June 17, 2025
WILL HILD: Senator Tillis’ Bill Empowers Woke Corporations

WILL HILD: Senator Tillis’ Bill Empowers Woke Corporations

June 17, 2025
Texas To No Longer Fund Border Wall As Federal Gov’t Looks To Assume Responsibility

Texas To No Longer Fund Border Wall As Federal Gov’t Looks To Assume Responsibility

June 17, 2025
Trump Admin’s Effort To Detect Noncitizen Voters Already Appears To Be Yielding Fruit

Trump Admin’s Effort To Detect Noncitizen Voters Already Appears To Be Yielding Fruit

June 17, 2025
Senate Republicans Pull Punches On Biden’s Green Energy Freebies

Senate Republicans Pull Punches On Biden’s Green Energy Freebies

June 17, 2025
Companies Bring First Trump Tariff Challenge To Supreme Court

Companies Bring First Trump Tariff Challenge To Supreme Court

June 17, 2025
‘The Breakfast Club’ Caller Spirals After Journalist Calls Trump ‘The President’

‘The Breakfast Club’ Caller Spirals After Journalist Calls Trump ‘The President’

June 17, 2025
Elon Musk Reportedly Targets Letitia James In Free Speech Showdown

Elon Musk Reportedly Targets Letitia James In Free Speech Showdown

June 17, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Wednesday, June 18, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

Carrot And Stick: Treasury Slaps Iran With New Oil Sanctions As Trump Promises ‘More Hopeful Future’

by Daily Caller News Foundation
May 13, 2025
in News, Wire
250 2
0
Carrot And Stick: Treasury Slaps Iran With New Oil Sanctions As Trump Promises ‘More Hopeful Future’
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

The Treasury Department slapped fresh sanctions on the Iranian oil sector on Tuesday as President Donald Trump is eyeing a potential nuclear deal with the Islamic Republic.

The Treasury’s Office of Foreign Assets Control (OFAC) is placing sanctions on approximately two dozen entities involved in Iran’s illegal international oil trade in line with the Trump administration’s “maximum pressure” campaign against the Iranian regime, the Treasury Department announced. The new sanctions are meant to crack down on Iran’s capacity to use oil proceeds to fund terrorism across the Middle East, and they are being imposed as the Trump administration is working to find a diplomatic solution to the threat posed by the Iranian nuclear program.

“Today’s action underscores our continued focus on intensifying pressure on every aspect of Iran’s oil trade, which the regime uses to fund its dangerous and destabilizing activities,” Treasury Secretary Scott Bessent said in a statement. “The United States will continue targeting this primary source of revenue, so long as the regime continues its support for terrorism and proliferation of deadly weapons.” 

Here’s How China Is Helping Iran Bankroll Hamas, Other Terror Orgs

Via the @DailyCaller News Foundation

Details:https://t.co/9ci6rA347h

— Nick Pope (@realnickpope) October 15, 2023

The Treasury Department accused Sepehr Energy — the parent company of several Iranian oil companies — of working with several Chinese and Hong Kong-based companies to obscure the origins of Iranian oil being shipped to China and other buyers. The Trump administration alleges that Sepehr Energy is the affiliate of the Iranian Armed Forces General Staff, and that the company uses a complex network of “shadow” tankers and front companies to dodge existing sanctions and generate cash for the Iranian regime.

The Trump administration is hoping to create a deal with Iran that keeps the country’s nuclear program — feared by some analysts to be approaching the capacity to produce nuclear weapons — in check, though it appears that such a deal is not yet close to being reached. In remarks delivered in Saudi Arabia on Tuesday, Trump made clear that he will come down hard on the Iranian economy if the regime does not quickly engage with the U.S. and choose to pursue a “more hopeful future.”

“I want to make a deal with Iran. If I can make a deal with Iran, I’ll be very happy if we’re going to make your region and the world a safer place,” Trump said during the speech. “But if Iran’s leadership rejects this olive branch and continues to attack their neighbors, then we will have no choice but to inflict massive maximum pressure [and] drive Iranian oil exports to zero like I did before.”

As Trump alluded to, the first Trump administration aggressively sanctioned the Iranian oil sector after pulling out of the Obama administration’s Iran nuclear deal, depriving the Iranian economy of proceeds from its most important sector. The Biden administration subsequently neglected to consistently enforce existing sanctions on Iran, allowing the regime to line its coffers with cash likely used to sponsor terrorism across the Middle East as it illicitly sold oil to buyers like China for years.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFforeign-affairsU.S. News
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th