Iran's Economy is Teetering on The Brink. The U.S. Is Applying Further Pressure.

The U.S. imposed new sanctions on Iran, targeting almost a dozen and a half vessels for transporting the country's crude, oil products an petrochemicals. (Credit: Getty Images)

The U.S. imposed new sanctions against Iran as it seeks to apply further economic pressure on Tehran.

The Department of the Treasury said on Thursday it is "targeting the remnants of Iran's shadow fleet: the aging network of tankers the regime relies on to move billions of dollars' worth of petroleum and petroleum products to foreign markets."