The warning comes as the US negotiates with Iran about its nuclear program.
On May 1, President Donald Trump threatened sanctions against the nations and people who purchase Iran’s oil and oil.
“Article: All purchases of Iranian oil or petrochemical products should be stopped now. Any country or person purchasing oil or petrochemicals from Iran will be subject to secondary sanctions immediately,” he posted on Truth Social. “They are not allowed to do business in any form, form or form with the United States.”
The US has enacted multiple sanctions targeting Iran’s oil and oil sectors, particularly as countries such as China purchased oil from Tehran.
On March 20, the Treasury announced it had approved a teapot oil refinery and what it is known as its leader for purchasing and refining hundreds of millions of dollars worth of Iranian crude oil. The entities that are part of this network are based in China’s Shandong Province, Hong Kong and elsewhere.
“The purchase of Iran’s oil teapot refineries provides the major economic lifeline of the Iranian regime, one of the world’s leading national sponsors,” Treasury Secretary Scott Bescent said in a statement.
On April 10, the Ministry of Finance said it had approved Jagwinder Singbler, an Emirati national who accused Iran of transporting oil, and his company.
“The Iranian regime relies on a network of uncruel shippers and brokers like Brar and his company to enable oil sales and fund destabilizing activities,” Bessent said in a statement.
That same day, the State Department announced it had approved four entities, including one based in China, which is employed in Iran’s oil market.
On April 22, the Trump administration said it had approved Iranian citizen Seizdora Emmamyome and his liquefied petroleum transport network for allegedly selling products overseas.
“The proceeds fund Iran’s malignant behavior, particularly support for the administration’s nuclear and ballistic missile programmes and terrorist proxies,” the State Department said.
Six days later, the Ministry of Finance announced that it had approved three shipping companies and its vessels to transport Iranian oil to Yemen’s regime-backed footy terrorist groups.
The State Department said on April 30 it approved seven entities engaged in the Iranian petroleum products and petrochemical trade, identifying two vessels as blocked property.
“These companies will send Iranian crude petroleum and petrochemicals to third-party countries, allowing Iran to avoid sanctions and continue to generate revenue,” according to the department.
Trump’s warnings arise as the US continues to negotiate with Iran on its nuclear program. The president has repeatedly said Iran will not be allowed to obtain nuclear weapons.
