Story perspectives

US Treasury Sanctions Fuel Smugglers, Cites $11 B Loss

7/1/2026

Summary

Story summary

On June 30, 2026, the U.S. Treasury sanctioned Oscar Guillermo Juraidini Silva, J. Refugio Ruiz Villagomez, and nine Mexican entities for a fuel-smuggling operation.
U.S. officials say smuggled gasoline and diesel now rank as cartels’ second-largest income source after narcotics.
The Treasury estimates the scheme has deprived Mexico of over $11 billion in tax revenue.
The Treasury also issued new guidance to help banks spot red flags in cross-border fuel transactions.

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Story summary

On June 30, 2026, the U.S. Treasury sanctioned Oscar Guillermo Juraidini Silva, J. Refugio Ruiz Villagomez, and nine Mexican entities for a fuel-smuggling operation.
U.S. officials say smuggled gasoline and diesel now rank as cartels’ second-largest income source after narcotics.
The Treasury estimates the scheme has deprived Mexico of over $11 billion in tax revenue.
The Treasury also issued new guidance to help banks spot red flags in cross-border fuel transactions.