US Sanctions on Iran Oil Sales Widen as Treasury Cracks Down on Financial Networks Linked to Nuclear Programme
According to Reuters, US sanctions on Iran oil sales have widened after the U.S. Treasury Department announced new restrictions targeting more than 30 individuals, companies, and vessels allegedly involved in illicit petroleum exports. The measures aim to disrupt financial networks accused of helping Tehran generate revenue outside formal channels.
Washington says the move is part of broader efforts to pressure Iran over stalled negotiations surrounding its nuclear programme. In a recent address to Congress, U.S. President Donald Trump warned that failure to reach a constructive agreement could invite further consequences.
Treasury Secretary Scott Bessent stated that Iran uses complex financial systems to sell oil, move funds, and acquire materials linked to both nuclear and conventional weapons development.
The expanded sanctions signal escalating economic pressure as diplomatic efforts remain uncertain, deepening tensions between Washington and Tehran over regional security and nuclear oversight.
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