The US continues the ‘Maximum Pressure Campaign’ against Iran with a further tranche of widespread sanctions, designed to disrupt Iran’s ability to export petroleum and petrochemicals.

In a continuation of the Treasury Department’s strategy of targeting specific supply chain networks, this latest round designates over 50 individuals, entities, and vessels.

This action is the fourth round of sanctions targeting China-based refineries, purchasing Iranian oil and the maritime supply chain that supports this trade, and builds on the previously reported sanctioning rounds in July and August this year.

Secretary of the Treasury Scott Bessent said, “The Treasury Department is degrading Iran’s cash flow by dismantling key elements of Iran’s energy export machine… Under President Trump, this administration is disrupting the regime’s ability to fund terrorist groups that threaten the United States.”

A link to the press release detailing the action can be found here.

To learn more about KYC and the Baltic Know Your Customer (KYC) Platform, please click here.