Economic Fury Targets Global Network Fueling Iran’s Oil Trade & Shadow Fleet

Economic Fury is imposing a financial stranglehold on the Iranian regime, hampering its aggression in the Middle East, and helping to curtail its nuclear ambitions. At @POTUS ’ direction, Treasury will continue to constrict the network of vessels, intermediaries, and buyers Iran relies on to move its oil to global markets. Any person or vessel facilitating these flows—through covert trade and finance—risks exposure to U.S. sanctions.

Secretary Bessent

Today, Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Hengli Petrochemical (Dalian) Refinery Co., Ltd., a China-based independent teapot refinery. China-based teapot refineries continue to play a vital role in sustaining Iran’s oil economy, and Hengli Petrochemical…

— Treasury Department (@USTreasury) April 24, 2026

… is one of Iran’s largest customers, having purchased billions of dollars’ worth of Iranian petroleum. Additionally today, OFAC is targeting around 40 shipping firms and vessels associated with Iran’s shadow fleet. Economic Fury continues to disrupt Tehran’s ability to generate the revenue that enables the regime’s reckless terrorist activities