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US Warns of Sanctions for Any Support to Iran Oil, Financial Trade
(MENAFN) The United States has warned that individuals and vessels involved in supporting Iran’s oil and financial trade networks could face sanctions, according to statements from the US Treasury.
The Treasury secretary said the US will maintain strong maritime pressure on Iranian ports while stepping up financial measures aimed at restricting the country’s oil-dependent economy. He described the approach as part of an ongoing “maximum pressure” strategy designed to disrupt Iran’s ability to generate and move funds internationally.
He also claimed that continued restrictions on maritime trade are intended to directly impact Iran’s main sources of revenue, adding that oil infrastructure and storage capacity could face strain under current conditions.
The official further stated that any party assisting in what he described as covert trade or financial activity linked to Iran could be exposed to US sanctions. He also said the department is continuing efforts to freeze funds associated with Iran’s leadership.
Meanwhile, oil markets experienced significant volatility on Tuesday following political developments involving a temporary ceasefire arrangement with Iran. US President Donald Trump announced an extension of the ceasefire period, while maritime restrictions reportedly remain in place as part of broader pressure measures.
The Treasury secretary said the US will maintain strong maritime pressure on Iranian ports while stepping up financial measures aimed at restricting the country’s oil-dependent economy. He described the approach as part of an ongoing “maximum pressure” strategy designed to disrupt Iran’s ability to generate and move funds internationally.
He also claimed that continued restrictions on maritime trade are intended to directly impact Iran’s main sources of revenue, adding that oil infrastructure and storage capacity could face strain under current conditions.
The official further stated that any party assisting in what he described as covert trade or financial activity linked to Iran could be exposed to US sanctions. He also said the department is continuing efforts to freeze funds associated with Iran’s leadership.
Meanwhile, oil markets experienced significant volatility on Tuesday following political developments involving a temporary ceasefire arrangement with Iran. US President Donald Trump announced an extension of the ceasefire period, while maritime restrictions reportedly remain in place as part of broader pressure measures.
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