United States Sanctions Network Facilitating Iran’s Illicit Oil Trade (Fact Sheet)

Date issued: May. 01 2026

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TURBOFAC Commentary (91 words)

Notes:

1) Compare Treasury Increases Pressure on Chinese Importers of Iranian Oil (Press Release). This is one of several mass designation actions pursuant to National Security Presidential Memorandum 2, targeting “teapot refiners” in China in addition to vessels and entities related to shipments of Iranian oil. Unlike most other similar designation rounds, the authority for these designations is EO 13846, rather than EO 13902. The primary reason for the difference appears to be that these are State Department designations, and the State Department does not have designation authority under EO 13902.