The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products as part of Tehran's "shadow fleet," the Treasury Department said.
The sanctions target oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and managers in India and China, the head of Iran's National Iranian Oil Company, and the Iranian Oil Terminals Company, Treasury said.
The sanctioned vessels ship tens of millions of barrels of crude oil valued in the hundreds of millions of dollars, the department said in a statement.
"Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilizing activities," said Treasury Secretary Scott Bessent.
The sanctions build on those imposed by the Biden administration.
Such sanctions target key sectors of Iran's economy with the aim of denying the government funds for its nuclear and missile programs. The move generally prohibits any U.S. individuals or entities from doing any business with the targets and freezes any U.S.-held assets.
Kyiv has received $1.5 billion in commitments from European partners to purchase U.S.-made weapons, Ukrainian President Volodymyr Zelenskiy said on Th...
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Nafto...
Ukrainian President Volodymyr Zelenskyy will meet British Prime Minister Keir Starmer in London on Thursday, a day before U.S. President Donald Trump ...
A major forest fire in northern Morocco is now largely under control, though efforts to fully extinguish it are still underway, the national water and...
Former Hollywood producer Harvey Weinstein may be sentenced in New York on 30 September, depending on whether prosecutors move ahead with a retrial ov...
Iranian President Masoud Pezeshkian will pay an official visit to Yerevan from 18th to 21st August, the Armenian Economy Ministry announced.
Iranian police have arrested as many as 21,000 "suspects" during the country's 12-day conflict with Israel in June, a law enforcement spokesperson said on Tuesday, according to state media.
Iran could hold direct nuclear negotiations with the United States under the right circumstances, First Vice President Mohammadreza Aref said Tuesday, according to state media.
Iraqi Foreign Minister Fuad Hussein has proposed a "6+2" format meeting bringing together Iran, Iraq, and the six Gulf Cooperation Council (GCC) member states to address regional developments on the side lines of the United Nations General Assembly.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Naftogaz (NAK) for emergency gas purchases to reinforce Ukraine’s energy security compromised by repeated targeted attacks from Russia this year.
Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
The U.S. budget deficit surged nearly 20% in July to $291 billion despite a significant increase in customs duty collections from President Donald Trump’s tariffs, as government spending outpaced revenue growth.
The National Carrier of Türkiye, Turkish Airlines has announced an increase in the number of its weekly flights to China.
Norway's $2 trillion sovereign wealth fund said on Monday it is terminating contracts with asset managers handling its Israeli investments and has divested parts of its portfolio in the country over the situation in Gaza and the West Bank.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment