The United States has imposed sweeping new sanctions on Iran, targeting military procurement networks, petroleum and petrochemical traders, shadow fleet operators, and other entities. The measures, announced under 'Operation Economic Outcast', aim to cut Iran off from international financial and commercial networks. Nearly 60 individuals, entities, and vessels are affected. Iran has vowed retaliation, while oil prices fell 2.4% as markets weighed the impact.
Don't miss out on breaking stories and in-depth articles.
