Trump Sanctions Target Iran's Oil Revenue Streams

The Trump administration has implemented new sanctions targeting over 30 individuals, entities, and vessels linked to Iran's 'shadow fleet,' accused of facilitating oil sales to fund destabilizing activities globally. This move is part of a broader 'maximum pressure' campaign aimed at reducing Iran's oil exports to zero and preventing the nation from developing nuclear weapons. Key targets include Hong Kong-based Petronix Energy Trading Ltd and entities in the UAE, India, and China. The sanctions block access to the U.S. financial system and freeze U.S.-held assets, intensifying efforts to isolate Iran economically. This action builds on previous sanctions by the Biden administration and aligns with Trump's strategic goals to cut off Iran's revenue streams that fund terrorism and regional instability.