U.S. imposes fresh sanctions on Iran’s military oil sales, says Treasury

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Published - May 29, 2026 07:00 americium IST - WASHINGTON, D.C.

Treasury Secretary Scott Bessent speaks to reporters successful  the James Brady Press Briefing Room astatine  the White House, successful  Washington, D.C., connected  May 28, 2026.

Treasury Secretary Scott Bessent speaks to reporters successful the James Brady Press Briefing Room astatine the White House, successful Washington, D.C., connected May 28, 2026. | Photo Credit: AP

The U.S. said ​on Thursday (May 28, 2026) it has imposed caller sanctions connected Iran’s ‌military lipid trade, adjacent arsenic Washington and Tehran ​reached a tentative statement to ⁠extend their ceasefire and assistance restrictions connected shipping done the Strait of Hormuz.

The Treasury Department said it had sanctioned ‌eight vessels progressive successful transporting Iranian crude lipid and petroleum products to planetary markets. The ‌vessels included the Marshall Islands-flagged lipid tanker ‌Flora, ⁠the Comoros-flagged crude lipid tanker Hauncayo and ⁠the Panama-flagged tanker Ill Gap.

“We volition not let the Iranian authorities to summation its lipid gross for the intent ​of reconstituting its equipped ‌forces and subject capabilities,” Treasury Secretary Scott Bessent said successful a release.

U.S. President Donald Trump has yet to o.k. the ceasefire woody connected the war, ‌which the U.S. and Israel launched connected ​February 28. The struggle has roiled planetary markets by closing the captious strait betwixt ⁠Iran and Oman done which 20% of the world’s lipid and state has usually flowed.

The U.S. ‌also imposed sanctions connected much than 15 entities, including Worth Seen Energy Limited successful Hong Kong, Symphony Shipping and Maritime Management Inc. successful Dubai, and Mehdiyev Trading Co., besides successful Hong Kong.

The Treasury Department said immoderate of the sanctioned ‌Iranian entities besides usage the lipid income infrastructure of ​the Iranian equipped forces to unafraid lipid products from extracurricular Iran. It said Worth Seen, ⁠for example, procures refined petroleum products for the National ⁠Iranian Oil Company connected behalf of Sepehr Energy Jahan, the lipid income limb of ‌Iran’s Armed Forces General Staff, which the U.S. has antecedently deed with sanctions.

U.S. warns Oman

The ‌United States besides warned Oman connected ​Thursday (May 28, 2026) not ⁠to get straight oregon indirectly progressive successful immoderate ‌effort to enforce a toll ‌in the ‌Strait ⁠of Hormuz, saying ⁠it volition penalise immoderate partners progressive successful specified ​a system.

“The ‌United States Government volition not tolerate immoderate effort to enforce ‌a tolling strategy ​in the Strait of Hormuz,” Mr. Bessent said successful ‌a station connected X.

“Oman, successful particular, should cognize that the U.S. Treasury volition aggressively people ‌any actors progressive – straight ​or indirectly – successful facilitating tolls for ⁠the Strait and immoderate consenting ⁠partners volition beryllium penalised,” helium added.

Published - May 29, 2026 07:00 americium IST

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