The US has imposed new sanctions targeting Iran's oil network. These sanctions affect companies that purchase and transport Iranian oil.

According to the US Treasury Department, a Chinese-based refinery that purchases billions of dollars worth of crude oil from Iran has been added to the sanctions list. This refinery is reportedly linked to the Iranian Ministry of Defense.

The US Treasury Secretary stated that they are determined to cut off the revenue streams that allow Tehran to finance terrorism and advance its nuclear program.

Iran reacted to the new US sanctions, stating that these measures contradict international law. The Iranian Foreign Ministry emphasized the illegitimacy of these sanctions.

The Iranian Energy Minister stated that unilateral sanctions destabilize energy markets. Tehran announced that it is preparing strategies against these sanctions.

The US sanctions against Iran aim to reduce oil exports to zero. This situation could affect energy markets worldwide.