US imposes new sanctions on Iranian oil and petrochemical networks
The United States on Friday announced a new package of sanctions on Iranian oil and petrochemical networks as part of its ongoing "maximum pressure" campaign. The measures were presented in New York by the State Department and are aimed at what officials described as Iran's illicit oil economy. State Department Spokesperson Thomas Pigott said the actions are designed to systematically deny the Iranian regime the revenue streams it relies on to finance military expansion and destabilising regional activities. He said the department is targeting the key entities, individuals, and maritime vessels that support Tehran's oil and petrochemical transport network. The... [Continue Reading]
Breaking-360LiveNews | 30 May 2026 00:30 LONDON
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