US imposes fresh sanctions on Iran's military oil sales, Treasury says
The measures target vessels and intermediaries tied to tens of millions of barrels of Iranian oil that officials say fund the Islamic Revolutionary Guard Corps.
- On Saturday, the Persian Gulf Strait Authority condemned new U.S. sanctions and vowed to continue reviewing passage permits for non-hostile vessels without interruption.
- The U.S. Treasury Department sanctioned the PGSA, alleging it works with the Islamic Revolutionary Guard Corps to direct traffic and impose "illegitimate tolls" on international maritime commerce.
- In a separate action, the State Department sanctioned an Iranian network led by Ali Majd Sepehr that defrauded U.S. businesses, while offering up to $15 million for information disrupting IRGC financing.
- Firing back on X, the PGSA claimed sanctions signify "positive performance," warning the U.S. that it "will not gain control over the Strait of Hormuz" through economic pressure.
- Treasury Secretary Scott Bessent stated the U.S. campaign "Economic Fury" imposes a financial stranglehold on the regime, warning that transactions with the PGSA carry sanctions risk.
65 Articles
65 Articles
US imposes fresh sanctions on Iran amid speculation of interim deal over Strait of Hormuz
The US imposed fresh sanctions on Iran on Thursday, May 28, despite the ongoing peace talks in Qatar to end the war and hostilities which, if successful, will lead to the possible lifting of all previous sanctions. It “is sanctioning numerous entities, individuals, and vessels that form the backbone of Iran’s illicit oil economy, directly targeting the financial lifeline of the Islamic Revolutionary Guards Corps (IRGC) and Iran’s military appara…
REVEALED: The $9 BILLION Iranian ‘shadow fleet’ defying US sanctions
FOX Business correspondent Lauren Simonetti details Iran’s global ‘shadow fleet’ revealing how the nation uses elaborate ship-to-ship transfers, disabling trackers and changing flags to illegally move oil to China. Don’t just watch Fox News—be part of it. Become a Fox News Patriot today. https://youtube.com/foxnews/join Subscribe to Fox News: https://bit.ly/2vBUvAS Watch more Fox News Video: http://video.foxnews.com...
US imposes new sanctions on Iranian oil, petrochemical networks
NEW YORK: The United States on Friday announced a new package of sanctions on Iranian oil and petrochemical networks as part of its ongoing "maximum pressure" campaign.These measures are designed to systematically deny the Iranian regime the revenue streams it relies upon to finance its military expansion and destabilising regional activities.State Department Spokesperson Thomas Pigott stated that Friday's actions directly target Iran's 'illicit…
The USA and the Iranian Shadow Fleet
Courtesy: Veronika Andrews, Pexels A Wall Street Journal report predicted that an Iranian shadow fleet is effective at keeping the oil flowing and preventing any deal. However, the report ignored many facts. Treasury Secretary Scott Bessent is imposing financial sanctions unlike any seen before. The Pentagon is also pursuing the Shadow Fleet militarily at sea. The United States is taking coordinated action to sever the Iranian regime’s access to…
aninews.in
Iran's new Strait of Hormuz body condemns US sanctions, vows 'no interruptions'
Persian Gulf Strait Authority (PGSA), Iran's new body to manage the passage of vessels through the Strait of Hormuz, condemned the US sanctions on it and vowed to continue its operations "without interruptions".
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