The Trump administration has intensified its economic campaign against Iran by imposing sweeping new sanctions on a major shipping and oil trading network. The move comes just hours after the U.S. military resumed its naval blockade of Iranian shipping lanes.
The sanctions target a key component of Iran's maritime infrastructure, crippling its ability to transport oil and other vital commodities. The U.S. government has long maintained that Iran's shipping network is a vital part of its illicit nuclear and ballistic missile programs, and has sought to disrupt its operations through a series of targeted sanctions.