TEHRAN (Tasnim) – Iran’s Persian Gulf Strait Affairs Authority (PGSA) condemned new sanctions imposed by the US Treasury Department, saying Washington would not achieve through sanctions what it had failed to obtain “in the field and through diplomacy.
Washington DC [US], May 30 (ANI): US Treasury Secretary Scott Bessent on Friday (local time) said that the United States has seized roughly USD 1 billion in Iranian cryptocurrency assets as part of Washington's economic pressure campaign against Tehran.
Washington says it dismantled Iranian group targeting US technology firms The US Department of State has announced what it described as the dismantling of an Iranian network accused of impersonating American companies and defrauding US businesses to obtain sensitive technology for Iran’s military sector. State Department spokesperson Tommy Pigott said the network, allegedly led by Ali Majd Sepehr, “defrauded dozens of American technology companies of millions of dollars by posing as legitimate US businesses”. Announcing new sanctions, Pigott said the measures form part of Washington’s broader “Economic Fury” campaign against Iran and target individuals and entities accused of working on behalf of Iran’s Ministry of Defence and Armed Forces Logistics to “fraudulently procure restricted goods from US companies”.
Tehran [Iran], May 30 (ANI): Persian Gulf Strait Authority (PGSA), Iran's new body to manage the passage of vessels through the Strait of Hormuz, condemned the US sanctions on it and vowed to continue its operations 'without interruptions'. Firing back at the US, PGSA said that Washington has 'failed to achieve' control on the Strait of Hormuz through warfare and will achieve the same results through sanctions.
US imposes fresh sanctions targeting Iranian entities The US imposed new counterterrorism sanctions on Friday targeting Iranian individuals and entities, according to a notice published on the Treasury Department's website.
Global agencies warn of summer fuel shortages if Hormuz disruption continues The heads of the International Monetary Fund, World Bank and International Energy Agency have warned that prolonged disruption to shipping through the Strait of Hormuz could threaten global fuel supplies and economic stability. In a joint statement, the three institutions said oil stockpiles are being depleted at an unprecedented rate as markets respond to the sharp reduction in supplies moving through the strategic waterway. “Global oil inventories are being drawn down at a record pace in response to the major loss of supply through the Strait of Hormuz,” the heads of the agencies said.
US says it seized $1bn in Iranian cryptocurrency assets US Treasury Secretary Scott Bessent says Washington has seized $1bn worth of Iranian cryptocurrency assets as part of its economic campaign against the Islamic Republic. The claim could not be independently verified. Speaking at the Reagan National Economic Forum, Bessent said the asset seizures formed part of the financial pressure strategy pursued by President Donald Trump during its war on Iran.
Iran rejects Trump's terms of deal to lift Hormuz blockade Submitted by Sean Mathews on Fri, 05/29/2026 - 19:46 Trump says he will lift blockade of the strait in return for no tolls in Hormuz and Iranian uranium, which Tehran rejects US President Donald Trump delivers remarks during a Memorial Day ceremony at Arlington National Cemetery in Arlington, Virginia, on 25 May 2026 (Kevin Dietsch/Getty Images/AFP) Off US President Donald Trump said he was lifting a blockade on the Strait of Hormuz, even as Iran denied his claim that negotiations were taking place on the fate of its nuclear programme, a resolution to which Trump conditioned lifting the naval siege. Trump’s murky statement on Friday is one of several he has made in recent days suggesting a deal to end the war is at hand, only for the stalemate in the Strait of Hormuz to continue as a fragile ceasefire between the two sides prevents a wider flare-up in fighting. Trump conditioned the lifting of the US’s blockade on Iran agreeing not to charge fees in the Strait of Hormuz and allowing the US access to damaged nuclear facilities in order to destroy Iran’s highly enriched uranium.
US Treasury secretary says any easing of Iran sanctions will be gradual US Treasury Secretary Scott Bessent has signalled that any rollback of US economic pressure on Iran would happen in stages rather than all at once. Speaking on Friday, Bessent suggested that any relief from the financial and economic measures imposed on Tehran would be introduced gradually. "We'll see ...
By Ayushi Agarwal New Delhi [India], May 29 (ANI): Noting that Strait of Hormuz 'is part of the territorial waters' of Iran and Oman, Iran's Ambassador in India Dr Mohammad Fathali has said that his country over the past decades has provided extensive services for free in areas such as navigation, m
The State Department has also targeted eight ships transporting Iranian crude and two other trading firms The US has targeted an Indian firm over its links to the Iranian oil trade, as part of the State Department's latest list of entities and individuals to be hit with unilateral sanctions.
TEHRAN (Tasnim) – Iranian President Masoud Pezeshkian ordered the expansion of alternative trade corridors through the country’s northern ports and neighboring countries in order to ensure the continued supply of essential goods and medicine.
Washington DC [US], May 29 (ANI): The United States on Thursday (local time) announced a fresh round of sanctions targeting Iran's so-called 'shadow oil economy', accusing Tehran of illicit oil revenues to finance the Islamic Revolutionary Guard Corps (IRGC), regional proxy groups and military activities across West Asia.
Washington DC [US], May 29 (ANI): The United States on Thursday (local time) announced a fresh round of sanctions targeting Iran's so-called 'shadow oil economy', accusing Tehran of illicit oil revenues to finance the Islamic Revolutionary Guard Corps (IRGC), regional proxy groups and military activities across West Asia.
US says its sanctioning entities, individuals linked to Iran's oil economy The Department of State said it was sanctioning several entities, individuals "involved in the transportation of Iranian petroleum or petrochemical products". The department said that the move aims to "reduce revenue that the Iranian regime uses to attack its neighbors, support terrorism abroad, and oppress its own people".
US energy executives warn of massive oil supply crunch Executives from the largest US energy companies warned on Thursday that oil prices are likely to spike this summer, as the buffers the US and other western countries used to mitigate the impact of the closure of the Strait of Hormuz run dry. “We're approaching unheard of inventory levels. I mean, really, really low levels.
Bessent says no sanctions relief before Hormuz reopens and uranium surrendered US Treasury Secretary Scott Bessent says Washington will not consider lifting sanctions on Iran until the Strait of Hormuz is reopened and Tehran agrees to hand over its stockpile of highly enriched uranium. “Nothing is going to be on the table until we see the Strait of Hormuz open, and the Iranians agree they have to turn over the highly enriched uranium,” Bessent said.
'Brent will shoot up': US energy executives warn of massive oil supply crunch Submitted by Sean Mathews on Thu, 05/28/2026 - 21:31 Energy executives say the world is weeks away from oil hitting $150 per barrel, with government and private industry reserves depleted Iranians drive past a billboard featuring US President Donald Trump and the Strait of Hormuz, erected in Valiasr Square in Tehran, Iran, on 28 May 2026 (AFP) Off Executives from the largest US energy companies warned on Thursday that oil prices are likely to spike this summer, as the buffers the US and other western countries used to mitigate the impact of the closure of the Strait of Hormuz run dry. “We're approaching unheard of inventory levels. I mean, really, really low levels.
Washington DC [US], May 28 (ANI): United States Treasury Secretary Scott Bessent on Thursday warned Oman against any involvement in allegedly facilitating a tolling system in the Strait of Hormuz with Iran, stating that Washington will not tolerate such efforts and will take action against those involved.
Washington DC [US], May 28 (ANI): United States Treasury Secretary Scott Bessent on Thursday warned Oman against any involvement in allegedly facilitating a tolling system in the Strait of Hormuz with Iran, stating that Washington will not tolerate such efforts and will take action against those involved.
