US expands sanctions on Iran's 'shadow oil economy', warns global traders of risks

Iran Herald · May 29, 2026 Sanctions

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.