The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.

The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products.

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.

The United States on Monday imposed a fresh round of sanctions targeting Iran’s oil industry, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum.

Washington has imposed imposes new sanctions on Iran's shadow oil fleet, aiming to reduce its crude exports to zero.

Commsec Market Analyst Laura Besarati says oil prices “lifted” last night and today following Donald Trump’s fresh round of sanctions on Iran.

The United States has imposed tough new sanctions on Iran, aiming to cut off the country’s oil revenue and prevent it from developing nuclear weapons. The State Department announced these sanctions as part of a policy called “maximum pressure,