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.
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Geneva is set to host two sets of negotiations on Tuesday, with U.S. officials meeting Iranian representatives in the morning and a trilateral session on Ukraine scheduled for the afternoon. The talks aim to advance a resolution of Iran’s nuclear programme and a U.S.-brokered peace plan for Ukraine.
U.S. Secretary of State Marco Rubio said Washington is ready to pursue diplomacy with Iran as nuclear talks resume in Geneva, using a visit to Budapest on Monday (16 January) to reaffirm both U.S. negotiating aims and strong ties with Hungary ahead of its April election.
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Israel in ongoing negotiations between Tehran and Washington.
United States is preparing for the possibility of sustained, weeks-long military operations against Iran, two U.S. officials told Reuters as the images of the USS Abraham Lincoln carrier strike group sailing and flying in formation were released on Sunday.
U.S. Ambassador to NATO Matthew Whitaker said China has the power to bring an end to Russia’s war in Ukraine, arguing that Beijing is enabling Moscow’s military campaign.
Austria’s Janine Flock won the gold medal in the women’s skeleton event at the Milano-Cortina 2026 Winter Olympics on Saturday.
Iran’s Supreme National Security Council Secretary Ali Larijani said the United States could evaluate its own interests separately from those of Israel in ongoing negotiations between Tehran and Washington.
U.S. Secretary of State Marco Rubio on Sunday (15 February) called it “troubling” a report by five European allies blaming Russia for killing late Kremlin critic Alexei Navalny using a toxin from poison dart frogs.
Ukrainian President Volodymyr Zelenskyy said on Saturday that Russia’s decision to change the leadership of its delegation for upcoming peace talks in Geneva appeared to be an attempt to delay progress.
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
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