US ups pressure on Iranian IRGC front companies over oil sales to China
( May 11, 2026, 19:40 GMT | Official Statement) -- MLex Summary: The US Treasury Department's Office of Foreign Assets Control is designating 12 individuals and entities for their roles enabling the Islamic Revolutionary Guard Corps’ (IRGC) sale and shipment of Iranian oil to the People’s Republic of China. The IRGC relies on front companies in permissive economic jurisdictions to obfuscate its role in oil sales and funnel the revenue to the Iranian government, Treasury said.Statement follows below:...
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