Iran oil

US imposes new sanctions targeting Iran oil trade, Hezbollah, Treasury Dept says

July 3, 2025

(BOE Report)– The United States imposed sanctions on Thursday against a business network that smuggles Iranian oil disguised as Iraqi oil, as well as sanctions targeting a Hezbollah-controlled financial institution, the Treasury Department said. The network of companies run by Iraqi businessman Salim Ahmed Said has been buying and shipping billions of dollars worth of Iranian oil disguised as, or

U.S. warns Hong Kong banks over Iran oil sales

May 16, 2025

(Oil Price) – The United States is looking to close all loopholes Iran is using to sell its oil to China and warned Hong Kong-based banks last month against facilitating Iranian oil sales to Chinese buyers, Bloomberg reported on Friday, citing unnamed sources with knowledge of the development. In early April, a delegation from the U.S. Department of the Treasury visited Hong Kong,

Trump targets Iran’s oil but leaves the door open for talks

February 10, 2025

(Oil Price) – U.S. President Donald Trump is restoring the “maximum pressure” campaign on Iran, aiming to drive down the Islamic Republic’s oil exports to zero. But at the same time, President Trump signaled a willingness to negotiate a new nuclear deal with Iran that would allow it to “peacefully grow and prosper”—without obtaining a nuclear weapon. “I would much prefer a Verified

US imposes new sanctions targeting Iran oil trade, Hezbollah, Treasury Dept says

U.S. warns Hong Kong banks over Iran oil sales

Trump targets Iran’s oil but leaves the door open for talks

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