US announces new sanctions against Iran oil network
US imposes new sanctions on entities tied to Iran’s oil trade, targeting a China-based operator and shipping network. Israel National News Published: May 2, 2026, 12:29 AM (GMT+3) Iran sanctionsiStock The US Department of State on Friday announced new sanctions targeting entities and individuals involved in Iran’s illicit oil trade, describing the move as part of ongoing efforts to curb Tehran’s primary source of revenue. “The United States is taking decisive action to disrupt Iran’s illicit oil trade, the Iranian regime’s primary revenue streams that fund terrorism and regional destabilization,” the Department stated. The latest measures designate multiple entities, an individual, …