The U.S. State Department and Department of the Treasury have reinstated what they term as 'maximum pressure' sanctions on Iran's oil trade. This move comes amidst escalating tensions between Tehran and Washington following President Donald Trump's recent inauguration.
The State Department has identified 16 entities and vessels as part of an 'illicit shipping facilitators' network that is involved in loading and transporting Iranian oil for sale to buyers in Asia. Concurrently, a total of 22 individuals and 13 vessels have been sanctioned across multiple jurisdictions for their role in Iran's oil industry.
