The U.S. Treasury said on Thursday it is imposing new sanctions on individuals and tankers helping to ship millions of barrels of Iranian crude oil per year to China. The move comes after U.S. President Donald Trump earlier this week vowed to bring Iran's oil exports to zero as the U.

Sepehr was designated in 2023 but the new sanctions go further by targeting the network underpinning Iran’s oil sales, including tanker masters and companies providing crew to vessels transporting Iranian oil, including an Indian company that claims to have more than 100 vessels under management.

The Treasury Department Thursday imposed new sanctions on an international oil network it said ships hundreds of millions of dollars of oil to China. The funds allegedly benefit Iran's military.