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Home Highlights

US Hits Iran with Fresh Wave of Sanctions

The US Treasury Secretary, Scott Bessent, made this known on Thursday.

Emmanuel Babs by Emmanuel Babs
May 29, 2026
in Highlights, Top News, World
0
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The United States has sanctioned eight vessels involved in transporting Iranian crude oil and petrol products.

The US Treasury Secretary, Scott Bessent, made this known on Thursday.

Bessent said among the sanctioned vessels were the Marshall Islands-flagged oil tanker Flora, the Comoros-flagged 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,” he said.

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He had also earlier announced sanctions against Iranian airlines and Iran’s self-styled Persian Gulf Strait Authority.

The US State Department spokesperson, Tommy Pigott, noted that the new measures would cut off billions in revenue that funds the IRGC, proxy forces, and attacks on our partners.

He warned that any entity trading Iranian oil faces serious risk of US sanctions.

Tags: IranScott BessentUSUS Treasury Secretary
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