The Treasury Department announced sanctions Monday against 12 individuals and entities it has accused of enabling Iran’s Islamic Revolutionary Guard Corps’ sale and shipment of oil to the People’s Republic of China.

The sanctions are part of the Trump administration’s Economic Fury operation, which is part of its maximum pressure campaign against Iran.

Treasury’s Office of Foreign Assets Control said the IRGC uses the revenue it generates from shipping and selling oil to China, along with other permissive economic jurisdictions, to fund the Iranian regime. 

“As Iran’s military desperately tries to regroup, Economic Fury will continue to deprive the regime of funding for its weapons programs, terrorist proxies, and nuclear ambitions,” Treasury Secretary Scott Bessent said in a statement. “Treasury will continue to cut the Iranian regime off from the financial networks it uses to carry out terrorist acts and to destabilize the global economy.”

The Treasury Department claimed the funds from the operations should be going to support the struggling Iranian people, but is instead spent on “weapons development, backing terrorist proxies and funding security forces that suppress citizens’ freedoms.”

The department also claimed Economic Fury has already disrupted billions in projected oil revenue, taken actions that have led to the freezing of nearly half a billion dollars in regime-linked cryptocurrency and cracked down on Iran’s shadow banking networks.

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.