The Trump administration has imposed a new round of sanctions on Iran, targeting eight tankers and 10 entities, according to a notice published on the US Treasury Department’s website.
The latest measures are part of a series of “maximum pressure” sanctions that Washington has imposed on Iran’s oil trade and its so-called “shadow fleet” in recent months. The US Treasury Department says the measures are aimed at cutting off revenue that it alleges is used to fund Tehran’s weapons programmes and regional proxies.
The sanctions come as tensions in the Middle East continue to escalate, with the United States and Iran exchanging attacks. At the same time, desperately needed energy supplies are failing to reach global markets, as the Strait of Hormuz remains effectively closed.