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US imposes more sanctions on Iranian oil trade after Trump calls to drive exports ‘to zero’

The U.S. Imposed sanctions on over 30 individuals and oil tankers in multiple countries for allegedly supporting Iran's militant activities against the U.S. And its allies.
Treasury Secretary Scott Bessent stated that the U.S. Will target all aspects of Iran's oil supply chain to prevent financing for terrorism.
State Department spokeswoman Tammy Bruce emphasized that the U.S. Will use all available tools to hold Iran accountable for destabilizing actions.
An October 2024 report indicated that Iran earned $253 billion in oil revenues during both Joe Biden and Donald Trump's presidencies from 2018 to 2024.

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Trump expands sanctions on Iran under 'maximum pressure campaign'

Oil sales to China, a major source of income, has dropped by more than half since January. By Batya Jerenberg, World Israel News The U.S. government announced Tuesday that it is placing eight more companies on its blacklist as part of President Donald Trump’s “maximum pressure campaign” against the Islamic Republic. The companies will be sanctioned for “knowingly engaging in a significant transaction for the sale or transport of petroleum or pet…

7 days ago·Israel

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thepatriotlight.com

ThePatriotLight - US sanctions over 30 entities for aiding Iranian oil sales

ThePatriotLight - The Department of the Treasury’s Office of Foreign Assets Control (OFAC) wrote that sanctioned entities include oil brokers in the UAE and Hong Kong, as well as tanker operators and managers in China and India. The United States imposed sanctions on more than 30 individuals and oil tankers across China, India, the United Arab Emirates (UAE), and other jurisdictions for facilitating Iranian oil sales that help finance militant…

6 days ago

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Indian Express

Four Indian firms among those sanctioned by the US: Why, and what are sanctions?

What are sanctions, and why has the US issued fresh sanctions against Iran? What have the Indian companies on the list been accused of?

7 days ago·India

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Oil Price

U.S. Sanctions Indian Firms Shipping Iranian Oil

The U.S. Office of Foreign Assets Control has added four Indian companies to its latest list of entities sanctioned for their involvement in the international trade of Iranian crude oil. The companies are Austinship Management Pvt Ltd, BSM Marine LLP, Cosmos Lines Inc, and Flux Maritime LLP. The designation of the four entities was part of the latest sanction sweep against Iran’s so-called shadow fleet that the country uses to sell its oil abroa…

7 days ago·London, United Kingdom

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TimesDaily

US imposes more sanctions on Iranian oil trade

WASHINGTON — The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks…

7 days ago

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Live Mint

Donald Trump sanctions 4 Indian firms: Here is why

The US sanctioned four Indian companies among 16 firms for their alleged roles in Iran’s petroleum industry. This follows President Trump's campaign to exert maximum pressure on Iran, targeting its oil sales and disrupting funding for terrorism.

7 days ago·New Delhi, India

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