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US announces new Iran oil sanctions

February 7, 2026
in Business
US announces new Iran oil sanctions
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WASHINGTON: The United States on Friday announced new sanctions to curb Iran’s oil exports, including targeting 14 vessels, moments after the adversaries wrapped up a day of indirect talks in Oman.

State Department spokesman Tommy Pigott said Iran uses oil revenue to “fund destabilizing activities around the world and step up its repression inside Iran.”

President Donald Trump is “committed to driving down the Iranian regime’s illicit oil and petrochemical exports under the administration’s maximum pressure campaign,” Pigott said in a statement.

The State Department said it would order a block of any transactions with 14 vessels said to transport Iranian oil, including ships flagged from Turkey, India and the United Arab Emirates.

It also announced sanctions on 15 entities and two people.

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