The U.S. designated “the Iranian Ministry of Petroleum, the National Iranian Oil Company (NIOC) and the National Iranian Tanker Company (NITC) pursuant to… a counterterrorism authority, for their financial support to Iran’s Islamic Revolutionary Guard Corps-Quds Force (IRGC-QF)”. The Treasury Department also sanctioned “multiple entities and individuals associated with the Ministry of Petroleum, NIOC and NITC, including front companies, subsidiaries and senior executives” as well as vessels, in addition to “four persons involved in the recent sale of Iranian gasoline to the illegitimate Maduro regime in Venezuela”.
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