US imposes fresh sanctions on Iran's military oil sales, Treasury says
The Treasury said the measures target shipping networks and intermediaries that move Iranian crude and petroleum products.
- Treasury Secretary Scott Bessent announced on Thursday that the United States imposed new sanctions on Iran's military oil trade, aiming to cut off revenue for reconstituting armed forces.
- Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz, even as sanctions took effect.
- The Treasury Department sanctioned eight vessels including the Marshall Islands-flagged Flora, Comoros-flagged Hauncayo, and Panama-flagged Ill Gap, plus more than 15 entities such as Worth Seen Energy Limited.
- US State Department spokesperson Tommy Pigott noted the measures would cut off billions in revenue funding the IRGC, proxy forces, and attacks on U.S. partners.
- Conflict in the Strait has roiled global markets by closing the vital passage for 20% of the world's oil, while President Donald Trump has yet to approve the tentative deal.
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Treasury Department Expands Sanctions on Iran’s Military Oil Network
The United States Department of the Treasury announced a new round of sanctions Thursday targeting Iran’s military-linked oil trade, escalating economic pressure on Tehran amid ... The post Treasury Department Expands Sanctions on Iran’s Military Oil Network first appeared on [your]NEWS.
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politika.rsUS imposes new sanctions on Iran
United States has sanctioned eight vessels involved in transporting Iranian crude oil and petrol products. The US Treasury Secretary, Scott Bessent, made this known on Thursday. Bessent said among the sanctioned vessels were the Marshall Islands-flagged oil tanker Flora, the Comoros-flagged oil tanker Hauncayo and the Panama-flagged tanker Ill Gap. “We will not allow the Iranian government to increase its oil revenue for the purpose of reconstit…
US Imposes New Sanctions on Iran’s Oil Sales
The U.S. Treasury Department imposed new sanctions Thursday on Iran’s military oil trade. The Office of Foreign Assets Control designated eight vessels carrying Iranian crude oil and petroleum products, plus more than 15 entities that help move and sell the oil. Targeted ships include the Marshall Islands-flagged tanker Flora, the Comoros-flagged crude tanker Huancayo, and the Panama-flagged tanker Ill Gap. Among the entities are Hong Kong-based…
Despite the initial agreement reached between Washington and Tehran, the United States announced on Thursday evening the imposition of new sanctions targeting the Iranian military's oil trade...
The United States announced on Thursday that it imposed new sanctions on the Iranian army's oil trade. The information comes in the context of Axios' reporting that Washington and Tehran reached a provisional agreement on the extension of the truce and lifting restrictions on maritime traffic through the Ormuz Strait, but the Iranian press said on Thursday that the text of a possible memorandum of understanding between the two parties has not ye…
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