U.S. Intensifies 'Maximum Pressure' on Iran with New Sanctions
The U.S. Treasury has imposed new sanctions on over 115 Iran-linked individuals and entities, expanding its 'maximum pressure' campaign. Focused on shipping interests of Mohammad Hossein Shamkhani, the sanctions aim to disrupt Iran's oil exports. The EU has also sanctioned Shamkhani, citing his involvement in Russian oil trade.
In an escalated effort against Iran, the U.S. Treasury Department unveiled a new series of sanctions on Wednesday. The embargo targets over 115 individuals, entities, and vessels with ties to Tehran, intensifying the 'maximum pressure' strategy initiated during Trump's presidency.
The fresh sanctions focus on the shipping domain controlled by Mohammad Hossein Shamkhani, linked through complex networks to Iranian and Russian oil sales worldwide. The move, described as the most significant since 2018, claims to cut down Iran's oil exports significantly.
Despite Iranian accusations of U.S. hostility, the sanctions are crafted to press Tehran while purportedly maintaining global oil market stability, affecting 17 countries but primarily focusing on Iran's economic choke points.
(With inputs from agencies.)
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