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US expands Iran oil sanctions amid growing regional tensions

Published on: May 12, 2026 11:35 PM

The United States has announced fresh sanctions against individuals and companies accused of helping Iran export oil to China, intensifying Washington’s economic pressure campaign against Tehran. The new restrictions target three individuals and nine companies allegedly involved in transporting and facilitating Iranian oil shipments through international financial and trading networks operating across multiple countries.

According to the US Treasury Department, the sanctions include four companies based in Hong Kong, four operating in the United Arab Emirates and one company located in Oman. Officials claimed these firms assisted Iran in bypassing international restrictions by using front companies and complex trading structures to continue oil exports despite ongoing sanctions targeting Tehran’s energy sector and financial operations.

Read more : Iran warns strong response against any future aggression

Furthermore, American authorities stated that the sanctioned entities helped the Islamic Revolutionary Guard Corps sell and transport oil to China. Washington alleged that the network operated through what it described as permissive economic jurisdictions that allowed Iranian-linked companies to avoid restrictions. Officials believe the continued oil trade provides financial resources supporting Iran’s military activities, regional influence and broader strategic operations throughout the Middle East.

Meanwhile, Scott Bessent said the United States would continue increasing pressure on Iran by targeting financial networks linked to Tehran. He stated that Washington remained committed to cutting Iran off from international systems allegedly used to fund destabilizing activities and support armed operations. The latest sanctions also follow earlier restrictions imposed on companies accused of supplying components for Iranian drones and ballistic missile programs.

Read more : Trump rejects Iran proposal as peace deal hopes fade –

The sanctions announcement comes ahead of an expected meeting between Donald Trump and Xi Jinping, where Iran is expected to remain a major topic of discussion. Trump is reportedly expected to urge China to support efforts aimed at reducing tensions with Iran and reopening the Strait of Hormuz, which continues facing disruptions due to ongoing regional instability and military concerns.

Analysts believe the renewed sanctions could further strain relations between Washington and Tehran while increasing pressure on global energy markets already affected by conflict in the Middle East. The Strait of Hormuz remains one of the world’s most critical routes for oil and gas shipments, and continued disruptions have fueled fears regarding global supply chains, inflation and rising energy prices. Observers say the latest measures signal that economic pressure on Iran will continue despite ongoing diplomatic discussions over a possible ceasefire.

Filed Under: Business Tagged With: China oil trade, Iran Oil Sanctions, Latest, Middle East Tensions, Scott Bessent, Strait Hormuz, US Treasury

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