The measures name more than 30 companies, people and vessels both in Iran and elsewhere that underpin the country’s ‘shadow fleet.’

The U.S. on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the U.

More than 30 individuals, entities and vessels are cited for allegedly helping Tehran fund terrorism through energy sales and transport.

The Trump administration imposed a new round of sanctions on oil brokers, ships and people it said were linked to illicit shipments of Iranian crude, framing the move as a return to a “maximum pressure” strategy to squeeze the country’s economy.

The Trump administration’s math on Middle Eastern energy supplies just doesn’t add up. The law of supply and demand is the most basic insight in economics. When there's more of a good available for sale than people who want to buy it,

The sanctioned Indian firms are Austinship Management Pvt Ltd, BSM Marine LLP, Cosmos Lines Inc, and Flux Maritime LLP.

The Trump administration on Monday announced sanctions on more than 30 individuals and vessels connected with the sale and transportation of Iranian oil and its products.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.80 during the early Asian session on Tuesday. The WTI price extends the recovery amid concerns of near-term supply tightness.

The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products.

The United States imposed a fresh round of sanctions targeting Iran's oil industry on Monday, hitting more than 30 brokers, tanker operators, and shipping companies for their role in selling and transporting Iranian petroleum,