US blacklists companies for helping facilitate Iran's exports of petroleum

The State Department also imposed sanctions on five companies for engaging in transactions related to Iran’s petroleum and petrochemical industry, as well as on three executive officers of the blacklisted companies.

Today, the United States imposed sanctions on 11 entities for activities related to Iran's petroleum and petrochemical sectors. Three of their executives are also sanctioned. Iran must stop exploiting its natural resources to fund terror and destruction across the region."Iran must stop exploiting its natural resources to fund terror and destruction across the region," Pompeo warned in a tweet.

The move freezes any US assets of those blacklisted and generally bars Americans from dealing with them. Triliance, a Hong Kong-based broker, was hit with sanctions in January over accusations it ordered the transfer of the equivalent of millions of dollars to the National Iranian Oil Co as payment for Iranian petrochemicals, crude oil, and petroleum products.

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