The U.S. Treasury Department imposed sanctions on Wednesday (25 February) on more than 30 individuals, entities and "shadow fleet" vessels it said enabled Iran's illicit petroleum sales, ballistic missiles and weapons production.
Treasury's Office of Foreign Assets Control also targeted multiple networks that enable Iran's Islamic Revolutionary Guard Corps and Ministry of Defence and Armed Forces Logistics to secure the precursor materials and machinery required for ballistic missile and other weapons production, the department said.
U.S. President Donald Trump has launched a campaign to clamp down on Iran's economy.
He also sent U.S. military forces to the Middle East and warned of a possible attack if Tehran does not reach a deal to resolve the longstanding dispute over its nuclear program.
Trump briefly laid out his case for a possible attack in his State of the Union address to Congress on Tuesday night.
Iran says its nuclear research is for civilian energy production. A senior Iranian official told Reuters on Sunday that Tehran and Washington remain sharply divided over which sanctions should be lifted and when.
Iran did not immediately respond to a request for comment on the new sanctions.
The sanctions targeted 12 shadow fleet vessels and their owners or operators that have collectively transported hundreds of millions of dollars' worth of Iranian petroleum and petrochemical products, the Treasury said.
The shadow fleet refers to ships that carry oil that is under sanctions. They are typically old, their ownership opaque and they sail without the top-tier insurance cover needed to meet international standards for major oil companies and many ports.
"Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its terrorist proxies," Secretary of the Treasury Scott Bessent said in a statement.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was st...
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European ...
Russia’s first State Duma election since the full-scale invasion of Ukraine is testing the country’s political system as voters c...
Russian air strikes injured 13 and damaged buildings in the Ukrainian capital of Kyiv and in the Black Sea port city of Odesa in the early hours of Thursday, officials said on the Telegram messaging app.
Iran's Revolutionary Guards Navy said a Togo-flagged oil tanker was struck while attempting to make an “illegal passage” through the Strait of Hormuz, Iranian state media said early on Friday.
U.S. President Donald Trump said on Wednesday he hoped the war against Iran was nearing its end and that Tehran wanted to reach a deal, but Iran dismissed his comments as “mixed signals” as the conflict approaches its seventh month.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
Here's your AnewZ Daily Brief for 18 September 2026. These are the top five stories making headlines in the field of science.
The European Union will disburse €3.3 billion ($3.8 billion) to Ukraine for missiles and drones, European Commission President Ursula von der Leyen said after a phone call with Ukrainian President Volodymyr Zelenskyy.
Russia’s first State Duma election since the full-scale invasion of Ukraine is testing the country’s political system as voters choose a new parliament amid wartime and economic pressures.
From Russia’s parliamentary election and Germany’s regional votes to the U.S. midterms, several major elections are taking place in September and November of 2026. Meanwhile, Sweden has already voted, with parties now negotiating to form a new government.
Pakistan has described the situation around the Bab el-Mandeb Strait as “exceptionally serious”, calling for dialogue and diplomacy as Houthi attacks on Saudi Arabia intensify.
Türkiye, Pakistan and Saudi Arabia are taking “concrete steps” to make a recently signed joint defence pact operational, Turkish Foreign Minister Hakan Fidan said Thursday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment