US Imposes New Sanctions on Iran's Military Oil Sales

The U.S. imposes new sanctions on Iran's military oil trade, targeting vessels and entities involved in oil sales. Read more on Bond.az.

ByCharlotte Hernandez- Senior Editor

Today / 08:34|Last updated: Today / 08:35

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US Imposes New Sanctions on Iran's Military Oil Sales — Photo: Prepared by Bond.az

The U.S. announced new sanctions on Iran's military oil trade on Thursday, despite a tentative ceasefire agreement between Washington and Tehran.

The Treasury Department sanctioned eight vessels involved in transporting Iranian crude oil and petroleum products. These include the Marshall Islands-flagged tanker Flora, Comoros-flagged tanker Hauncayo, and Panama-flagged tanker Ill Gap.

"We will not allow the Iranian government to increase its oil revenue to rebuild its military," Treasury Secretary Scott Bessent said in a statement.

Sanctions also target over 15 entities, including Worth Seen Energy Limited in Hong Kong, Symphony Shipping in Dubai, and Mehdiyev Trading Co in Hong Kong.

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US Imposes New Sanctions on Iran's Military Oil Sales | Bond.az