U.S. imposes fresh sanctions on Iran’s military oil sales, says Treasury
The U.S. has announced new sanctions targeting Iran's military oil trade while a tentative ceasefire agreement is being discussed. Eight vessels involved in transporting Iranian crude oil have been sanctioned, along with over 15 entities linked to the oil sales infrastructure of Iran's armed forces. The U.S. has also warned Oman against imposing any tolls in the Strait of Hormuz, emphasizing that it will penalize any involved parties.
- ▪The U.S. imposed sanctions on eight vessels transporting Iranian crude oil.
- ▪Treasury Secretary Scott Bessent stated that the U.S. will not allow Iran to increase oil revenue for military purposes.
- ▪The U.S. warned Oman against imposing tolls in the Strait of Hormuz, threatening penalties for involved parties.
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The U.S. said on Thursday (May 28, 2026) it has imposed new sanctions on Iran’s military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. U.S. military conducts another defensive strike against IranThe Treasury Department said it had sanctioned eight vessels involved in transporting Iranian crude oil and petroleum products to global markets. The vessels included the Marshall Islands-flagged oil tanker Flora, the Comoros-flagged crude oil tanker Hauncayo and the Panama-flagged tanker Ill Gap.“We will not allow the Iranian government to increase its oil revenue for the purpose of reconstituting its armed forces and military capabilities,” Treasury Secretary Scott…
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