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.
A deadly explosion at Iran’s Bandar Abbas port has left at least 18 dead and over 700 injured, halting operations at one of the country’s most vital trade hubs.
Top Iranian and U.S. negotiators began a new round of indirect talks on Saturday in Muscat, seeking to broker a deal to curb Tehran's nuclear programme, as President Donald Trump expressed optimism about reaching an agreement.
Iran and the U.S. are set for a third round of indirect talks in Muscat, focusing on sanctions relief and guarantees over Iran’s nuclear program.
Russia and Iran have signaled their commitment to deepen energy cooperation by working on new overland gas corridors, according to a statement from the Russian Cabinet.
China, Russia and Iran held a joint meeting with the International Atomic Energy Agency (IAEA) on Thursday, focusing on Iran’s nuclear programme.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 27th, covering the latest developments you need to know.
A driver has been arrested after ramming into a crowd at a Filipino street festival in Vancouver, leaving several people dead and injured.
France’s prime minister has vowed action after a Muslim worshipper was fatally stabbed in a mosque in what authorities are investigating as a possible Islamophobic crime.
A deadly explosion at Iran’s Bandar Abbas port has left at least 18 dead and over 700 injured, halting operations at one of the country’s most vital trade hubs.
The Kremlin says President Putin confirmed readiness for direct talks with Ukraine during a meeting with Trump’s envoy Steve Witkoff in Moscow.
China has rolled out the world’s first 10-gigabit (10G) fixed broadband network in Xiong'an New Area, promising ultra-fast speeds and low latency through cutting-edge optical infrastructure.
Pope Francis's relationship with Azerbaijan has evolved significantly over the years, characterized by diplomatic exchanges, promotion of religious tolerance, and peace advocacy in the Caucasus region.
Russia launched a major missile and drone assault on Kyiv overnight on April 24, killing at least twelve people and injuring 90, including children and a pregnant woman, according to Mayor Vitali Klitschko.
China’s pivot away from U.S. liquefied petroleum gas under new tariffs is shaking global energy flows, slashing demand, and fuelling a scramble for alternatives across Asia, with Middle Eastern suppliers and rival buyers seizing the moment.
A deadly attack targeting tourists in India’s Jammu and Kashmir territory has left at least 20 feared dead, marking the deadliest incident against civilians in the region for years, according to security sources.
President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.
Uzbekistan and Iran have agreed to establish a Joint Business Council aimed at fostering development of business ties and facilitating the resolution of issues between entrepreneurs from both countries.
Brussels has fined Apple and Meta over €700 million combined, launching its first crackdown under the Digital Markets Act aimed at curbing big tech’s power and boosting competition in the digital economy.
The Trump administration is considering reducing tariffs on Chinese imports, aiming to ease tensions with Beijing as trade negotiations continue, a source familiar with the matter said on Wednesday.
Iran informed China on Wednesday about ongoing nuclear negotiations with the US, expressing a commitment to diplomacy despite past setbacks and urging stronger bilateral cooperation under their 25-year strategic agreement.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 27th, covering the latest developments you need to know.
A driver has been arrested after ramming into a crowd at a Filipino street festival in Vancouver, leaving several people dead and injured.
France’s prime minister has vowed action after a Muslim worshipper was fatally stabbed in a mosque in what authorities are investigating as a possible Islamophobic crime.
A deadly explosion at Iran’s Bandar Abbas port has left at least 18 dead and over 700 injured, halting operations at one of the country’s most vital trade hubs.
The Kremlin says President Putin confirmed readiness for direct talks with Ukraine during a meeting with Trump’s envoy Steve Witkoff in Moscow.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment