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Trump administration imposes new sanctions on targets linked to Iran's oil trade

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Trump administration imposes new sanctions on targets linked to Iran's oil trade

2026-02-07 09:14 Last Updated At:12:35

The Trump administration on Friday announced new sanctions targeting 15 entities, two individuals and 14 so-called shadow fleet vessels linked to Iran's oil trade.

"The President is committed to driving down the Iranian regime's illicit oil and petrochemical exports under the Administration's maximum pressure campaign," the U.S. Department of State said in a statement.

The announcement came as indirect talks between the United States and Iran ended in Muscat, Oman on Friday.

According to Iran's official news agency IRNA, Iranian Foreign Minister Seyed Abbas Araghchi said the Friday talks focused solely on the nuclear issue, and that Tehran did not discuss any other topics with Washington.

Araghchi said that "very deep distrust" formed in past dealings between the two countries posed "a very big challenge" to the negotiations.

Ahead of the U.S.-Iran talks, White House press secretary Karoline Leavitt told reporters that the U.S. president has many options at his disposal aside from diplomacy.

Trump administration imposes new sanctions on targets linked to Iran's oil trade

Trump administration imposes new sanctions on targets linked to Iran's oil trade

Trump administration imposes new sanctions on targets linked to Iran's oil trade

Trump administration imposes new sanctions on targets linked to Iran's oil trade

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Crude futures settle higher

 

Oil prices inched up on Friday.

The West Texas Intermediate for March delivery gained 26 cents, or 0.41 percent, to settle at 63.55 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery added 50 cents, or 0.74 percent, to settle at 68.05 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle higher

Crude futures settle higher

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