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.
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The European Union has proposed extending its sanctions against Russia to include ports in Georgia and Indonesia that handle Russian oil, the first time the bloc would target ports in third countries, a proposal document showed on Monday.
Ukraine has carried out its first aerial drone strike on a Russian “shadow fleet” oil tanker in the Mediterranean Sea, reflecting a growing intensity in Kyiv’s attacks on Russian oil shipping, officials said on Friday (19 December).
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
NATO navies are ramping up its defence in the Baltic and North Seas as Russia’s so-called “shadow fleet” of deceptive vessels grows rapidly, raising fears of espionage and sabotage against critical infrastructure.
Morocco has been declared winners of the 2025 Africa Cup of Nations and Senegal stripped of their title by the Confederation of African Football (CAF).
President Donald Trump said NATO is making a “very foolish mistake” by refusing to help the U.S. as Israel Katz claimed Ali Larijani was killed in Israeli strikes.
Kouri Richins, a U.S. woman who penned a children’s book about bereavement after the death of her husband has been found guilty of killing him.
Polish fighter jets intercepted a Russian reconnaissance aircraft over the Baltic Sea on Friday (13 March), according to Poland’s Operational Command.
A top security official in Donald Trump’s administration has resigned, saying Iran posed no imminent threat to the United States, as tensions escalate with Tehran vowing a “decisive” response to the killing of security chief Ali Larijani in overnight Israeli strikes.
A Chinese man, Zhang Kequn and his Kenyan associate, Charles Mwangi, have been charged by a court in Kenya for alleged involvement in illegal dealings of wildlife species.
Six people died on Wednesday, following fresh Israeli offensive against suspected Hezbollah infrastructure in Central Beirut on Wednesday.
Employees of Voice of America (VOA) who had spent nearly a year on paid administrative leave may soon return to work after U.S. District Judge Royce C. Lamberth ruled that efforts to scale down the broadcaster were unlawful.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 18th of March, covering the latest developments you need to know.
Russia and Iran are “brothers in hatred” Ukrainian President Volodymyr Zelenskyy told the UK Parliament following a meeting with British Prime Minister Keir Starmer on Tuesday (17 March).
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