US imposes fresh sanctions on Iran's military oil sales, Treasury says
- Posted on May 29, 2026
- By Business News Today
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- 1 min read
US imposes fresh sanctions on Iran's military oil sales, Treasury says
America has imposed new sanctions on Iran's military oil trade. This comes as a tentative agreement is reached to extend a ceasefire and lift shipping restrictions. Eight vessels involved in transporting Iranian crude oil have been sanctioned. The US aims to prevent Iran from increasing oil revenue for its armed forces.
