WASHINGTON:
The US Treasury Division on Thursday issued sanctions in opposition to Iranian Petroleum Minister Mohsen Paknejad, the newest transfer in President Donald Trump’s drive to exert “most stress” on Tehran.
The sanctions additionally designated three entities engaged within the Iranian oil commerce in China, and named three transport vessels as blocked property for his or her use within the transactions.
“The Iranian regime continues to make use of the proceeds from the nation’s huge oil sources to advance its slender, alarming self-interests on the expense of the Iranian individuals,” US Treasury Secretary Scott Bessent mentioned in a press release.
Since returning to the White Home in January, Trump has referred to as for a brand new nuclear cope with Tehran whereas reinstating his “most stress” coverage of sanctions.
“Treasury will struggle and disrupt any makes an attempt by the regime to fund its destabilizing actions and additional its harmful agenda,” mentioned Bessent. The recognized vessels had been used to switch Iranian crude oil off the coast of Nipa, Indonesia, on December 25, 2024, based on the State Division.