US Treasury Announces Sanctions on 12 New Targets for Transporting Iranian Oil to China
Iranian crude oil tanker, Sevda, sails near Bandare Asaluyah, Iran, on Jan. 27, 2026. Sam/ Middle East Images/AFP via Getty Images The U.S. Treasury Department announced on May 11 that it is sanctioning 12 new targets as part of its “Economic Fury” initiative to cripple Iran’s military and economic capacity. “Today, the Department of the