The department’s Office of Foreign Assets Control (OFAC) sanctioned nearly two dozen firms that it says have assisted in dispatching billions of dollars’ worth of oil to Beijing.
“Today’s action underscores our continued focus on intensifying pressure on every aspect of Iran’s oil trade, which the regime uses to fund its dangerous and destabilizing activities,” Treasury Department Secretary Scott Bessent said in a statement Tuesday.
“The United States will continue targeting this primary source of revenue, so long as the regime continues its support for terrorism and proliferation of deadly weapons,” Bessent added.
State Department spokesperson Tammy Bruce said the revenue from the sale of the oil funds helped in the development of “ballistic missiles and unmanned aerial vehicles (UAVs), nuclear proliferation, and Iran’s terrorist proxies, including the Houthis’ attacks on Red Sea Shipping, the U.S. Navy, and Israel.”
Welcome to The Hill’s Energy & Environment newsletter, I’m Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains.
Boiling unclean water in many regions of the world results in air pollution from burning dirty fuels, but the benefits of doing so usually outweigh the risks, a new study has found.
Democratic attorneys general from 20 states have filed two lawsuits against the Trump administration over its threats to withhold billions of federal dollars if they don’t meet President Trump’s new immigration enforcement demands.
News we’ve flagged from other outlets touching on energy issues, the environment and other topics:
The EPA didn’t release its annual U.S. greenhouse gas emissions report, but we got the data. Here’s what we found (CBS News)
How much damage did the L.A. wildfires cause? After federal cuts, a crucial estimate is missing (NBC News)
On Tap
Upcoming news themes and events we’re watching:
EPA Administrator Lee Zeldin is slated to testify before the Senate Appropriations Committee.
The Senate Energy and Natural Resources Committee will hold a confirmation hearing for Energy and Interior nominees.
The Senate Environment and Public Works Committee will hold a hearing on nominees for the EPA, FHA and Army.
The House Science, Space and Technology Committee will hold a hearing titled “Forecasting Disaster: NOAA’s Transparency, Trust, and Scientific Integrity in Crisis.”
A federal judge ruled Tuesday that President Trump can invoke the Alien Enemies Act (AEA) to remove Tren de Aragua members but determined the administration has provided insufficient notice before carrying out the deportations. Read more
The Democratic National Committee (DNC) has taken a first step toward possibly requiring a new election for two of its vice chairs, including David Hogg, who has stirred controversy with his call for primary challenges to longtime incumbents in safe seats. Read more
