U.S. Treasury Adds Sanctions on Iran Military
The United States imposed new sanctions on Iran's oil trade, targeting eight ships transporting crude and its derivatives to global markets, including the oil tankers Flora, Honkaiyo, and El Jabb. These measures are part of efforts to reduce Iran's oil revenues and increase pressure on its military capabilities, despite reaching a preliminary agreement with Tehran to extend the ceasefire and lift navigation restrictions in the Strait of Hormuz. President Trump has not yet approved the deal, which has caused further disruptions in the global oil market due to the Strait's vital role in the supply of oil and gas.
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