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.

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.

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

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 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.

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

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

US Treasury Department says the sanctioned vessels ship tens of millions of barrels of crude oil valued in the hundreds of millions of dollars

Oil prices edged higher on Monday as fresh U.S. sanctions on Iran and a commitment to compensate for overproduction by Iraq added to concerns of near-term supply tightness, helping the market recover some of Friday's steep losses.