US issues new sanctions as it dials up pressure on Iran | News

The United States has imposed new sanctions on Iranian oil vessels and related companies, targeting those involved in the sale of Iranian oil to fund its ballistic missile program. Secretary of the Treasury Scott Bessent stated that these actions are part of the Trump administration's "maximum pressure" campaign against Iran. The US claims that Iran exploits financial systems to sell illicit oil, launder proceeds, and support terrorism. While Iran denies accusations of illegal oil sales and insists its missile program is for self-defense, the US continues to amass military assets in the region as it seeks to curb Iranian oil exports. Despite these sanctions, Iranian Foreign Minister Abbas Araghchi expressed a willingness to negotiate with the US.