China is one of the largest buyers of Iranian crude oil, accounting for more than 80% of Iran's shipped oil in 2025, averaging 1.4 million barrels per day

Overview Debates Related claims Topics Sources

U.S. Treasury Secretary Scott Bessent described the U.S. policy toward Iran as an absolute isolation campaign involving maritime blockades at the Strait of Hormuz, flight restrictions, and land route closures

U.S. Treasury Secretary Scott Bessent stated that the economic isolation campaign against Iran has caused internal panic within the Islamic Revolutionary Guard Corps

The conflict with Iran was a strategy to break the old colonial powers of Europe, not primarily about Iran's nuclear capability

The Iran-US Memorandum of Understanding (MOU) was designed to be broken, similar to the Minsk Accords

The Iran-US MOU offered reasonable conditions that the IRGC could not accept without losing its political authority in Iran

One A7 Sub-Agent and a sister company received nearly $140 million from Iranian sanctions-evasion entities, including those in Iran's oil-transporting shadow fleet.

An A7 Sub-Agent sent approximately $1.6 million to a company linked to Iranian weapons procurement and sanctions evasion.

The U.S. Department of the Treasury linked the A7 Network to Nobitex, Iran's largest digital asset exchange, which was designated by OFAC in June 2026.

The U.S. Department of the Treasury stated that the A7 Network was used by Iran, including the Islamic Revolutionary Guard Corps, the Central Bank of Iran, and Hamas.

The U.S. Treasury Department stated that the A7 Network was used by the Iranian regime, the Islamic Revolutionary Guard Corps, and proxy groups like Hamas to evade international sanctions

The October 1, 2026 designation of the A7 Network was executed under Operation Economic Outcast, a U.S. initiative launched in late August 2026 to target Iran's global financial connections

Venezuelan state oil company PDVSA was largely cut off from Western banking networks, requiring buyers to make partial prepayments in USDT instead of standard wire transfers.

In late 2023, the United States government temporarily eased sanctions on Venezuela's energy sector, allowing buyers to purchase heavy Merey 16 crude oil at a discount.

The U.S. Treasury Department launched "Operation Economic Outcast" in August 2026 to target Iranian financial networks and digital asset channels

U.S. prosecutors allege that the targeted cryptocurrency was intended to finance the Iranian government, its military, and the Islamic Revolutionary Guard Corps

The U.S. Treasury Secretary is threatening an "economic D-Day" on Iran, including sanctions on entities doing business with the country

The Treasury's press release on Iran sanctions used broad language, stating any source of illicit revenue or economic lifeline could be a target

Sanctions have enabled the IRGC to control the economy of Iraq

Elements of the Iranian Revolutionary Guard Corps (IRGC) have financially benefited from sanctions over the last three decades

A peaceful resolution to regional conflicts would eliminate the IRGC's sources of income