Treasury Dept. designates 22 entities linked with selling Iranian oil for IRGC-QF

Refineries purchase Iranian oil, and then transfer payments to these front companies, who in turn, move funds to other front company accounts also controlled by IRGC-QF, OFAC stated.

The IRGC’s control over Iran’s oil industry has grown to such a point, experts now estimate 50% of the country's oil wealth is siphoned to the military organization

(photo credit: WANA handout via REUTERS/ANONYMOUS/Middle East Images/AFP via Getty Images)

ByJERUSALEM POST STAFF

JULY 9, 2025 21:55

Treasury Dept. designates 22 entities linked with selling Iranian oil for IRGC-QF

Refineries purchase Iranian oil, and then transfer payments to these front companies, who in turn, move funds to other front company accounts also controlled by IRGC-QF, OFAC stated.

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Treasury Dept. designates 22 entities linked with selling Iranian oil for IRGC-QF

Refineries purchase Iranian oil, and then transfer payments to these front companies, who in turn, move funds to other front company accounts also controlled by IRGC-QF, OFAC stated.

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