US EditionUS announces new sanctions against Iran oil sector
Treasury blacklisted more than two dozen people, companies and ships tied to Mohammad Hossein Shamkhani and said the waiver had allowed oil already at sea to move.
- U.S. Treasury Secretary Scott Bessent announced Wednesday that the U.S. will not renew temporary sanctions waivers for Iranian oil, which expire on April 19, 2026.
- Temporary waivers had allowed nearly 140 million barrels of Iranian oil to reach global markets, serving as a cushion against supply volatility sparked by the Strait of Hormuz blockade.
- Sanctions were also imposed on more than two dozen entities linked to Mohammad Hossein Shamkhani, whom officials accuse of operating an illicit oil-for-gold scheme to fund Hezbollah.
- Foreign financial institutions face heightened risk, as Treasury warned that facilitating Iranian transactions could trigger secondary sanctions; Bessent stated the department is prepared to leverage all tools against entities supporting Tehran.
- U.S. Central Command continues a naval blockade on Iranian ports begun Monday to restrict energy shipments as the regional conflict persists.
124 Articles
124 Articles
US says it could hit buyers of Iran oil with sanctions
The White House threatened sanctions on buyers of Iranian oil in an effort to intensify a naval blockade on the Strait of Hormuz. The move is in practice targeted at China, which before the war bought more than 80% of Iran’s crude exports. US Treasury Secretary Scott Bessent said he believed China would pause such purchases under the threat of secondary sanctions. The move imperils the fragile trade truce between the two superpowers ahead of US …
No More Waivers: Ukrainian Sanctions Czar Vlasiuk Praises US Decision To End Relief For Russian Oil
Vladyslav Vlasiuk, Ukrainian President Volodymyr Zelenskyy's commissioner for sanctions policy, told RFE/RL in an interview that any relief for Moscow and Russian oil only serves to extend the war.
White House Says It Will Not Renew Russian Oil Sanctions Waiver
U.S.
US Refuses to Extend Sanctions Relief for Russian and Iranian Oil
The United States will not ease sanctions on Russian and Iranian oil, nor will it extend the validity of existing general licenses. This was confirmed by US Treasury Secretary Scott Bessent during a press conference at the White House on April 15. We bring you stories from the ground. Your support keeps our team in the field. DONATE NOW “We will not be renewing the general license on Russian oil and we will not be renewing the general license o…
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