Treasury Issues More Sanctions on Iranian Oil Exports
The U.S. Treasury Department has announced new sanctions targeting Iranian oil exports. These measures are intended to disrupt Iran's shadow banking system and limit Chinese purchases of Iranian oil. Treasury Secretary Scott Bessent emphasized that these actions aim to curb Iran's financial support for activities that threaten global trade and stability in the Middle East.
- ▪The sanctions focus on Iran's shadow banking system.
- ▪They aim to restrict Chinese purchases of Iranian oil.
- ▪Treasury Secretary Scott Bessent stated that these measures are crucial for global trade security.
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#masthead-section-label, #masthead-bar-one { display: none }War in the Middle EastliveUpdatesWhat to KnowFate of War in LebanonNetanyahu’s RoleTimeline of WarAdvertisementSKIP ADVERTISEMENTSupported bySKIP ADVERTISEMENTTreasury Dept. Issues More Sanctions on Iranian Oil ExportsThe measures aim to crack down on Iran’s shadow banking system and Chinese purchases of Iranian oil.Listen · 3:11 min Share full article“Iran’s shadow banking system serves as a critical financial lifeline for its armed forces, enabling activities that disrupt global trade and fuel violence across the Middle East,” Treasury Secretary Scott Bessent said in a statement.Credit...Kenny Holston/The New York TimesBy Alan RappeportReporting from WashingtonApril 28, 2026 window.registerInteractive &&…
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