The United States has initiated new sanctions targeting Iran's oil sector as part of President Donald Trump's renewed maximum pressure campaign. Announced by the US Treasury, these sanctions affect entities and individuals connected to previously sanctioned firms, primarily aimed at curbing Iran's oil revenues which fund its nuclear ambitions and militant activities. This move unfolds following Trump's executive order reinstating aggressive measures against Iran after his initial dismantling of the nuclear deal in 2018, continuing a trajectory marked by defiance from Tehran, which dismisses these sanctions as acts of piracy.
The sanctions aim to disrupt Iran's oil revenues, crucial for funding its nuclear program and regional militancy, sustaining Trump's strategy to apply maximum pressure.
The Treasury emphasizes its commitment to severely counter Iranian efforts to finance warfare and terrorism through oil network sanctions, targeting various international entities.
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