US Sanctions 30 Individuals and Entities Tied to Iranian Arms, Oil Industries

These new sanctions came a day before U.S. and Iranian delegations were due to meet in Geneva for a round of negotiations. 

Iranians visit an exhibition showcasing missile and drone achievements in Tehran on November 12, 2025. Atta Kenare/AFP via Getty Images

The U.S. Treasury Department levied sanctions on Feb. 25 against 30 different individuals and entities linked to Iran’s arms and fossil fuel industries.

“Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its terrorist proxies,” Treasury Secretary Scott Bessent said in a Wednesday statement.