EU and US Impose Sanctions on Iran

The European Union and the United States have imposed new sanctions on Iran due to its involvement in arms supplies to Russia and missile attacks on Israel. The EU's sanctions target individuals and entities linked to Iran's arms proliferation, including airlines and defense officials, while the U.S. sanctions focus on Iran's energy sector, particularly its 'ghost fleet' of ships used to obscure oil sales. These sanctions follow Iran's recent missile attack on Israel, which Iran claims was a response to Israeli actions against Hezbollah in Lebanon. Iranian officials have condemned the sanctions, asserting that they have not provided ballistic missiles to Russia and describing the measures as 'illegal and unjustified'. The U.S. aims to block Iran's financial access and restrict American dealings with the sanctioned entities. Meanwhile, fluctuating oil futures reflect market uncertainty over potential Israeli responses to Iran's actions.