The Treasury's 'Economic Fury' campaign targets 12 individuals and entities facilitating IRGC oil sales to China through front companies in Hong Kong, Dubai, and other jurisdictions, disrupting tens of millions in oil revenue. Individuals designated include Ahmad Mohammadi Zadeh (chief of IRGC Shahid Purja'fari Oil Headquarters), Samad Fathi Salemi (finance chief), and Mohammadreza Ashrafi Ghehi (commercial chief). Entities include Hong Kong Blue Ocean Limited, Hong Kong Sanmu Limited, Ocean Alliance Shipping LLC (Dubai), Atic Energy FZE (Sharjah), Zeus Logistics Group (Oman), Jiandi HK Limited, Max Honor International Trade Co., Ltd. (Hong Kong), Blanca Goods Wholesaler LLC (Dubai), and Universal Fortune Trading LLC (Dubai). Key vessels referenced include GAGAN, CANGJIE, HASNA, HANSON, OTLA, SCALER, BELLA 1, ANDROMEDA V, SKIPPER, and XD LEO. The action builds on the July 2025 designation of Golden Globe Demir Celik Petrol, expanding pressure on IRGC oil revenue networks. Treasury warns of potential secondary sanctions on Chinese 'teapot' refineries and foreign financial institutions facilitating Iranian commerce.
U.S. Treasury Targets IRGC Oil Sales Networks with 'Economic Fury' Campaign
The U.S. Treasury designated 12 individuals and entities involved in facilitating IRGC oil sales to China through front companies, disrupting tens of millions in revenue.