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Treasury expands Iran sanctions affecting global oil and shipping networks
New measures include designations tied to brokers, companies and shadow-fleet vessels transporting Iranian oil, and separate sanctions cover Iran’s digital assets, technology, gold, aviation and shipping sectors.
The Trump administration has detailed expanded secondary sanctions targeting Iran-related activity, with the Treasury warning that noncompliant foreign companies could be excluded from the U.S. financial system, OilPrice reports.
Treasury Secretary Scott Bessent formally launched “Operation Economic Outcast,” setting out a defined but unspecified timeline for countries to shut down Iran-linked activity identified by Washington, while entities facilitating Iranian money laundering or sanctions evasion could face being cut off from the U.S. financial system.
The Treasury also said the sanctions will expand beyond Iran’s financial sector into areas that include digital assets, technology, gold, aviation and shipping, enabled through new OFAC designations.
Oil trading remains a primary target, with Monday’s designations including brokers, companies and shadow-fleet vessels operating across the UAE, Hong Kong, China, Singapore, Switzerland and Europe that transport Iranian oil and channel revenues to the IRGC-Quds Force and other Iranian entities, according to OilPrice.
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