Latest development3 months ago
US Expands Sanctions on Iran-Linked Insurers and Oil Tankers
The US blacklists additional insurance providers and vessels to disrupt Iranian maritime oil trade and increase economic pressure.
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On July 7, the U.S. launched strikes against Iran following oil tanker attacks, while the Trump administration revoked licenses for Iranian oil sales, driving crude prices higher. By July 11, the U.S. Treasury imposed fresh sanctions, leading Iranian Foreign Minister Abbas Araghchi to accuse Washington of violating a recent agreement. These events collectively increased the market risk premium amid escalating geopolitical tensions.
The US blacklists additional insurance providers and vessels to disrupt Iranian maritime oil trade and increase economic pressure.
Read the full storyIran's Oil Minister Mohsen Paknejad stated that crude exports remain undisrupted by the expiration of U.S. sanctions waivers, aiming to reassure global energy markets.
Foreign Minister Abbas Araghchi claims fresh U.S. Treasury sanctions breach a recent mutual agreement between Tehran and Washington.
Washington launches military strikes and revokes Iranian oil waivers following tanker attacks in the Strait of Hormuz.