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Stemming Iranian Oil Revenue


Iranian oil tanker in the Persian Gulf. (File)
Iranian oil tanker in the Persian Gulf. (File)

The Iranian regime continues to fuel conflict and instability in the Middle East, disrupting trade, developing its nuclear program, and funding terrorist and proxy groups.

The Iranian regime continues to fuel conflict and instability in the Middle East, disrupting trade, developing its nuclear program, and funding terrorist and proxy groups.

That’s why the United States is taking more aggressive action to stem the flow of revenue that the regime uses to support terrorism abroad, as well as to oppress its own people. The State Department is imposing sanctions on two China-based crude oil and petroleum products terminal and storage operators that have facilitated the import of millions of barrels of Iranian-origin oil onboard multiple U.S.-designated tankers. This action is the Department’s fourth round of sanctions targeting China-based terminal operators, which continue to play a vital role in the Iranian crude oil supply chain.

These actions include the designation of one China-based crude oil terminal and storage operator in the Dongjiakou Port Area of China’s Shandong Province, the largest entry point for Iranian crude oil into China by volume. Qingdao Port Haiye Dongjiakou Oil Products, or DJK Oil Products, operates multiple crude oil and petroleum products berths in the Dongjiakou port area, as well as a large petroleum storage facility.

The majority of the crude oil cargos imported by DJK Oil Products are of Iranian origin. In 2025, the terminal has imported at least 65 million barrels of Iranian-origin crude oil transported by numerous shadow fleet vessels, including U.S.-designated crude oil tankers. Additionally, several of the cargos received by DJK Oil Products were marketed and sold by the U.S.-designated National Iranian Oil Company, or NIOC.

The State Department also designated Yangshan Shengang International Petroleum Storage and Transportation Company, or Yangshan Shengang, a China-based crude oil terminal and storage operator in the Yangshan Port Area of China’s Zhejiang Province. Yangshan Shengang operates several crude oil and petroleum product berths in the Yangshan Port Area of the greater Zhoushan Port complex.

On March 24, 2025, Yangshan Shengang received the U.S.-designated vessel Turaco and facilitated the discharge of over half a million barrels of Iranian crude oil sold by NIOC. From April 6, 2024, to March 24, 2025, Yangshan Shengang received at least six shipments of Iranian-origin crude oil, totaling over four million barrels of oil. Additionally, Yangshan Shengang received port calls from four U.S.-designated vessels.

The United States will continue to impose maximum pressure on the Iranian regime to deny it access to revenues that fund its destabilizing activities.

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