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FRANK26: "TRUMP CUTS THE HEAD OFF THE COCKROACH"........F26

Washington cuts off Tehran's "economic lifeline" with a new package of sanctions.

3/20/2025

The US Treasury Department announced on Thursday the imposition of new sanctions related to Iran's oil and petrochemical sectors. These sanctions included one individual and several entities and vessels, including the Tiboot oil refinery, which it considered "the Iranian regime's main economic lifeline."

The Treasury Department stated on its official website that the sanctions included the China-based Tibo Oil Refinery and its CEO, Wang Xueqing, for purchasing and refining Iranian crude oil worth hundreds of millions of dollars.

The sanctions also included 19 entities and vessels responsible for shipping millions of barrels of Iranian oil, forming part of Iran's "shadow fleet" that transports oil.

"Tibut Refinery's purchases of Iranian oil are the primary economic lifeline for the Iranian regime, which is the world's leading state sponsor of terrorism," said US Treasury Secretary Scott Bessent.

He added, "The United States is committed to cutting off the sources of revenue that enable Tehran to continue financing terrorism and developing its nuclear program."

Iran uses extensive networks of tankers and ship management companies to export oil, according to the Treasury Department, using tactics such as falsifying documents and disrupting ship tracking systems.

The sanctions block all property and interests in the United States of these entities, prohibit transactions with these parties by U.S. persons or residents of the United States, and impose civil or criminal fines on violators.

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