US Treasury Imposes Sanctions on Extensive Iranian Oil Transport Network

The U.S. Treasury Department has escalated its pressure on Tehran by imposing sanctions on more than two dozen entities and vessels linked to Iran's oil infrastructure. This move follows Treasury Secretary Scott Bessent's strategy to tighten energy export controls, including the potential for secondary sanctions on international buyers. In a critical development, analysts warn that Iran faces a potential halt to oil production within weeks if the U.S. blockade succeeds. With a maximum storage capacity of just 16 days, the country would be forced to curtail output rapidly once storage is exhausted. This logistical bottleneck is expected to heighten global supply shortage concerns, potentially driving crude prices higher. Markets remain on high alert as the U.S. seeks to minimize Iranian energy revenues by targeting the entire supply chain.