U.S. says today's sanctions were taken under Executive Order 13902 targeting Iran's petroleum sector

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The Department of the Treasury cites E.O. 13902 as the legal authority for the sanctions action.

Source summary

The U.S. Department of the Treasury announced sanctions on eight entities and nine vessels identified as part of Iran’s "shadow fleet" for shipping hundreds of millions of dollars of Iranian petroleum and petroleum products, including LPG. The move, implemented under Executive Order 13902 and in support of National Security Presidential Memorandum 2 (NSPM-2), aims to curb the Iranian regime’s access to revenues used to finance security forces, foreign proxies, and other destabilizing activities.

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Latest fact check

Executive Order 13902 (Jan. 10, 2020) authorizes the Secretary of the Treasury, in consultation with the Secretary of State, to block property of persons operating in sectors of the Iranian economy as determined by the Secretary. On Oct. 11, 2024, OFAC published a Determination under Section 1(a)(i) applying E.O. 13902 to the "Petroleum and Petrochemical Sectors of the Iranian Economy." The Treasury's Jan. 23, 2026 press release announcing the sanctions explicitly states the action was taken pursuant to E.O. 13902 and that it targets Iran’s petroleum and petrochemical sectors. Verdict: True — official legal text and OFAC/Treasury announcements confirm that the Jan. 23, 2026 Treasury action was taken pursuant to E.O. 13902 as applied to Iran’s petroleum and petrochemical sectors.

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Timeline

Update · Jan 23, 2026, 11:30 PMTrue
Executive Order 13902 (Jan. 10, 2020) authorizes the Secretary of the Treasury, in consultation with the Secretary of State, to block property of persons operating in sectors of the Iranian economy as determined by the Secretary. On Oct. 11, 2024, OFAC published a Determination under Section 1(a)(i) applying E.O. 13902 to the "Petroleum and Petrochemical Sectors of the Iranian Economy." The Treasury's Jan. 23, 2026 press release announcing the sanctions explicitly states the action was taken pursuant to E.O. 13902 and that it targets Iran’s petroleum and petrochemical sectors. Verdict: True — official legal text and OFAC/Treasury announcements confirm that the Jan. 23, 2026 Treasury action was taken pursuant to E.O. 13902 as applied to Iran’s petroleum and petrochemical sectors.
Original article · Jan 23, 2026
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