US Imposes Sanctions on Additional Tankers Allegedly Involved in Iranian Oil Trade

Forex - The U.S. has imposed sanctions on more tankers and companies involved in the trade of Iranian oil, which is claimed to fund Tehran-supported militia groups such as Hamas and the Houthis. According to the announcement, nine vessels and eight companies were added to the sanctions list by the U.S. State and Treasury Departments. Among the sanctioned vessels is the MS Enola, which has been involved in Iranian oil trade for several years. The penalties imposed by the U.S. disrupt exports of Iranian crude oil to China, its largest buyer, while the national security advisor chosen by President-elect Donald Trump has recently pledged "maximum pressure" on Tehran. The Biden administration is also considering new sanctions on Russia's oil trade.