Sanctioned entities reportedly shipped 'hundreds of millions' in Iranian petroleum and LPG

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Public or investigative records show that the named entities/vessels moved hundreds of millions of dollars' worth of Iranian petroleum and petroleum products, including LPG.

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.
Latest fact check

The claim that the sanctioned entities and nine vessels shipped hundreds of millions of dollars’ worth of Iranian petroleum and petroleum products, including LPG, is supported by official US government statements. The State Department’s January 23, 2026 press release explicitly describes eight entities and nine vessels in Iran’s shadow fleet that "have shipped hundreds of millions of dollars’ worth of Iranian petroleum and petroleum products, including liquefied petroleum gas (LPG)." Earlier State and Treasury releases also describe networks that move Iranian oil and LPG generating substantial revenue for the regime, corroborating the scale and product mix referenced in the claim.

Timeline

  1. Update · Jan 23, 2026, 11:28 PMTrue
    The claim that the sanctioned entities and nine vessels shipped hundreds of millions of dollars’ worth of Iranian petroleum and petroleum products, including LPG, is supported by official US government statements. The State Department’s January 23, 2026 press release explicitly describes eight entities and nine vessels in Iran’s shadow fleet that "have shipped hundreds of millions of dollars’ worth of Iranian petroleum and petroleum products, including liquefied petroleum gas (LPG)." Earlier State and Treasury releases also describe networks that move Iranian oil and LPG generating substantial revenue for the regime, corroborating the scale and product mix referenced in the claim.
  2. Original article · Jan 23, 2026

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