Treasury sanctions network accused of helping IRGC sell Iranian oil to China

The U.S. Treasury Department sanctioned a network aiding Iran’s IRGC in selling oil to China. This network utilized shell companies in Hong Kong, Dubai, and Oman to conceal Iranian oil shipments and funnel profits back to Iran. The U.S. is intensifying its ‘Economic Fury’ strategy to disrupt Iran’s oil revenue and restrict its funding for weapons development and proxy support.