US imposes new sanctions on Iran, targeting 27 companies, 6 individuals, and 22 vessels

The US Treasury Department has announced new sanctions against 27 companies, 6 individuals, and 22 vessels, as part of Operation Economic Outcast, aimed at disrupting Iran's oil trade and sanctions-evasion networks.

Why it matters. These sanctions affect Iran's ability to sell oil and evade international sanctions, impacting global oil markets and regional geopolitics.