ANI
04 Jul 2025, 21:40 GMT+10
Washington DC [US], July 4 (ANI): The US has imposed a fresh round of sanctions targeting Iranian oil exports, marking the first sanctions on Tehran's energy sector since a Washington-backed ceasefire between Israel and Iran took effect last month, as reported by Al Jazeera.
According to Al Jazeera, the new sanctions, announced on Thursday, also targeted Iraqi businessman Salim Ahmed Said and his UAE-based company, accused by the US of smuggling Iranian oil by mixing it with Iraqi crude.
'Iran's behaviour has left it decimated. While it has had every opportunity to choose peace, its leaders have chosen extremism... Treasury will continue to target Tehran's revenue sources and intensify economic pressure to disrupt the regime's access to the financial resources that fuel its destabilising activities,' US Treasury Secretary Scott Bessent said in a statement, as quoted by Al Jazeera.
Following the ceasefire on June 24, US President Donald Trump initially suggested that China might be allowed to purchase Iranian oil, hinting at a potential easing of sanctions on Tehran's energy exports.
However, this was quickly reversed after Iranian Supreme Leader Ali Khamenei made claims of victory over Israel, prompting Trump to halt all sanction relief efforts, as reported by Al Jazeera.
Trump also revealed that he prevented Israel from assassinating Khamenei, saving him from a 'VERY UGLY AND IGNOMINIOUS DEATH'.
Israeli Defence Minister Israel Katz had previously said that Israel sought to kill Khamenei but lacked an operational opportunity, Al Jazeera reported.
The conflict began on June 13 when Israel launched 'Operation Rising Lion', conducting widespread airstrikes on Iranian soil targeting nuclear sites at Natanz and Fordow, missile production centres, and Islamic Revolutionary Guard Corps (IRGC) command bases. Several top IRGC commanders and nuclear scientists were reportedly assassinated during the operation.
This was followed by US strikes on June 21-22 under 'Operation Midnight Hammer', which also targeted Iranian nuclear infrastructure.
Iran then retaliated with missile attacks against Israel and an assault on a US military airbase in Qatar. Tehran strongly condemned both operations, calling them a blatant violation of international law and the UN Charter.
Last month, Iran passed a law suspending cooperation with the UN nuclear watchdog, the IAEA, criticising the agency for not condemning US and Israeli attacks.
Before the conflict began, Trump had reaffirmed the US commitment to diplomacy, and just days before the US airstrikes, he stated he would decide within two weeks on whether to join the war, allowing time for talks between Iran and European powers. (ANI)
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
Critics have slammed the One Big Beautiful Bill Act for its skewed distribution of benefits, tilting toward wealthier groups. WASHINGTON,...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
Washington DC [US], July 4 (ANI): The US has imposed a fresh round of sanctions targeting Iranian oil exports, marking the first sanctions...
Gaza [Palestine], July 4 (ANI): The Palestinian group Hamas has said it is holding consultations with various Palestinian factions...
New Delhi [India], July 4 (ANI): Noting that a senior Army officer has revealed some details of the 'extraordinary ways' by which China...
Tehran has suspended cooperation with the IAEA following US-Israeli strikes on its facilities A team of inspectors from the International...
New Delhi [India], July 4 (ANI): Retired Major General GD Bakshi on Friday emphasised the need for strategic preparedness amid regional...