“The U.S. Treasury Department announced sanctions on individuals and entities accused of exploiting Iraq's oil sector to benefit Iran and its proxy militias.”

Speaker under reviewSource under reviewMay 8, 2026

Our verdict

True

The U.S.

What we found

Treasury Department's Office of Foreign Assets Control press release explicitly states that sanctions were imposed on individuals and businesses exploiting Iraq's oil sector to increase pressure on Iran and its proxy militias, matching the claim.

The evidence

Background
OFAC designated individuals and businesses exploiting Iraq's oil sector to increase pressure on Iran and its proxy militias in Iraq.
home.treasury.gov· Treasury press release

How we checked

We reviewed 1 relevant source.

Have evidence we missed?

If you know of a source that confirms or contradicts this claim, send us the link. We review every submission and update fact checks when new evidence changes the picture.

Measured Take updates fact checks when new evidence emerges. Corrections are noted on the page.

All fact checks