#ustreasury
US Sanctions Waivers on Russian and Iranian Oil: Impact on India’s Energy Supply
On April 15, US Treasury Secretary Scott Bessent announced that the US will no longer extend the sanctions waivers that allowed several countries to purchase oil from Russia and Iran. These waivers, which were initially intended to ease global oil supply disruptions, are now being revoked. Bessent emphasized that the move to not renew the general licenses on Russian and Iranian oil would lead to penalties for countries still involved in these transactions. He further warned that secondary san
US Sanctions Waivers on Russian and Iranian Oil: Impact on India’s Energy Supply
On April 15, US Treasury Secretary Scott Bessent announced that the US will no longer extend the sanctions waivers that allowed several countries to purchase oil from Russia and Iran. These waivers, which were initially intended to ease global oil supply disruptions, are now being revoked. Bessent emphasized that the move to not renew the general licenses on Russian and Iranian oil would lead to penalties for countries still involved in these transactions. He further warned that secondary san
US Treasury sanctions over 30 linked to illicit Iranian oil network
The United States Treasury Department announced on Wednesday that it has imposed sanctions on more than 30 individuals, entities, and vessels accused of facilitating illicit Iran oil sales and supporting Tehran’s weapons programs. The action, carried out through the Office of Foreign Assets Control (OFAC), forms part of Washington’s continuing maximum pressure campaign aimed at curbing Iran’s military capabilities and financial networks. According to the Treasury, the measures
US Treasury sanctions over 30 linked to illicit Iranian oil network
The United States Treasury Department announced on Wednesday that it has imposed sanctions on more than 30 individuals, entities, and vessels accused of facilitating illicit Iran oil sales and supporting Tehran’s weapons programs. The action, carried out through the Office of Foreign Assets Control (OFAC), forms part of Washington’s continuing maximum pressure campaign aimed at curbing Iran’s military capabilities and financial networks. According to the Treasury, the measures









