U.S. Treasury designates 12 targets over Iranian oil trade to China

The U.S. Treasury has designated 12 targets involved in Iran’s oil trade to China, tightening financial pressure on the Islamic Revolutionary Guard Corps (IRGC). This action freezes assets, blocks transactions, and threatens secondary sanctions for foreign financial institutions. The move aims to disrupt Iranian oil revenue channels used for weapons and nuclear programs, warning global shipping and finance about potential U.S. penalties.