(Worthy Insights) – The United States imposed a fresh round of sanctions on Monday targeting Iran’s oil industry. The Treasury Department announced that more than 30 brokers, tanker operators, and shipping companies have been hit for their roles in selling and transporting Iranian petroleum. The move is part of President Donald Trump’s renewed “maximum pressure” campaign aimed at reducing Iranian crude exports to zero, a policy intended to cut off funding for Iran’s nuclear and missile programs.
Treasury Secretary Scott Bessent stated, “Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilizing activities.” He warned that anyone involved in Iranian oil would face significant sanctions risk as the United States uses all available tools to disrupt Iran’s oil supply chain. [ Source (Read More…) ]
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