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.
Iranian Ambassador to Moscow Kazem Jalali and Dmitry Bakanov, CEO of the Russian state space corporation Roscosmos, met on Friday to discuss expanding space cooperation, including the joint production of satellites.
Iran on Saturday strongly criticised U.S. President Donald Trump's recently announced travel ban, calling it a demonstration of "deep hostility" towards Iranians and Muslims and a violation of international law.
The U.S. Treasury Department has imposed sanctions on more than 30 individuals and entities tied to a massive Iranian shadow banking network accused of laundering billions of dollars to benefit the regime in Tehran.
Ahead of the IAEA meeting in Vienna, Iran’s foreign minister reaffirmed the country’s refusal to halt uranium enrichment and warned Europe against seeking renewed UN sanctions, calling such efforts a “major strategic mistake.”
Amid renewed global scrutiny, Iran reflects on defining moments that shaped its revolutionary identity, invoking the past to reinforce its stance in current geopolitical disputes.
As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
Kenya has directed its tea factories to suspend ties with the Rainforest Alliance, saying the cost of ethical certification is too high for struggling smallholder farmers.
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing political bias and obstruction by the Democratic Republic of Congo (DRC).
Azerbaijan and the Czech Republic held regular political consultations in Prague, the Azerbaijani Foreign Ministry announced.
Kazakhstan is on the verge of awarding a major contract for its first-ever nuclear power plant, with bidders from China, Russia, France, and South Korea still in the running.
Ukraine’s Security Service (SBU) has confirmed it carried out a third targeted attack against the Crimean Bridge, also known as the Kerch Bridge, early Tuesday morning, marking a new escalation in the ongoing conflict with Russia.
A strong 6.3 magnitude earthquake shook Japan’s Hokkaido prefecture early Monday, causing no reported injuries or damage, and no tsunami warning was issued, officials confirmed.
U.S. President Donald Trump and Chinese President Xi Jinping are expected to speak this week to discuss recent trade tensions, White House press secretary Karoline Leavitt said.
Peace talks between Russia and Ukraine ended abruptly in Istanbul on Monday, lasting just over an hour amid mounting tensions following a major Ukrainian drone strike on Russian strategic bombers and renewed pressure from the U.S. for a breakthrough.
Eid al-Adha, known as the "Festival of Sacrifice," stands as one of Islam's most significant celebrations, commemorating Prophet Ibrahim's willingness to sacrifice his son in obedience to Allah's command.
Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
The European Central Bank has reduced its three key interest rates by 25 basis points, aligning with expectations and reflecting progress toward its inflation target.
Centrica, owner of British Gas, has agreed to a £20 billion deal with Norway’s Equinor to supply nearly 10% of the UK’s gas needs annually for the next decade, supporting energy security while paving the way for future hydrogen integration.
Tesla’s shares declined by about 14.2% on Thursday, reducing the company’s market value by roughly $152 billion, as Elon Musk and Donald Trump publicly exchanged criticisms on social media.
As countries ramp up offshore wind farms to meet climate goals, scientists are warning about a growing issue: wind farms accidentally draining energy from one another — a phenomenon now nicknamed “wind theft.”
Kenya has directed its tea factories to suspend ties with the Rainforest Alliance, saying the cost of ethical certification is too high for struggling smallholder farmers.
Rwanda has officially withdrawn from the Economic Community of Central African States (ECCAS), citing political bias and obstruction by the Democratic Republic of Congo (DRC).
Azerbaijan and the Czech Republic held regular political consultations in Prague, the Azerbaijani Foreign Ministry announced.
Kazakhstan is on the verge of awarding a major contract for its first-ever nuclear power plant, with bidders from China, Russia, France, and South Korea still in the running.
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