US imposes fresh sanctions on Iran\'s military oil sales, Treasury says

The U.S. said on Thursday it has imposed new sanctions on Iran’s ​military oil trade, even as Washington and Tehran reached a ‌tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. The Treasury Department said it had sanctioned eight vessels involved in ​transporting Iranian crude oil and petroleum products to global markets. ​ The vessels included the Marshall Islands-flagged oil tanker Flora, the ⁠Comoros-flagged crude oil tanker Hauncayo and the Panama-flagged tanker Ill Gap. “We ​will not allow the Iranian government to increase its oil revenue ​for the purpose of reconstituting its armed forces and military capabilities,” Treasury Secretary Scott Bessent said in a release.