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US issues new Iran-related sanctions targeting insurers, more tankers
['The Frontier Post']
The Frontier Post
WASHINGTON (Reuters) : The United States on Wednesday issued another round of Iran-related sanctions, taking aim at Iran’s efforts to “monetize the Strait of Hormuz” with designations of 10 entities and eight more tankers, the US Treasury Department said.
Six of the entities targeted for sanctions were based in China, it said.
The United States and Saudi Arabia jointly struck Iran-backed groups in Iraq on Wednesday.
“Treasury is moving at an operational tempo, and combining military strikes with targeted sanctions could be a template for future conflicts,” Hoversen said.
Since the start of 2026, OFAC has sanctioned over 100 vessels linked to Iran’s shadow fleet, which has been used to keep oil revenue flowing despite international sanctions.