The United States imposed sanctions on Thursday on Iran's Oil Minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said.

The Trump administration is imposing sanctions on Iran’s oil minister, as well as targeting more companies and vessels linked to the “shadow fleet” that Tehran uses to circumvent sanctions.

The United States imposed sanctions on Thursday on Iran's oil minister Mohsen Paknejad and some Hong Kong-flagged vessels, according to the Treasury Department. (Reporting by Doina Chiacu; Editing by Brendan O'Brien) Copyright 2025 Thomson Reuters.

The U.S. Treasury on Thursday confirmed that a license allowing a wind-down of energy transactions with Russian financial institutions expired as scheduled this week under stiff sanctions imposed in the final days of Joe Biden's presidency.

The U.S. Treasury confirmed the expiration of a license for energy transactions with Russian banks due to sanctions. This move aligns with the Biden administration's tough stance on Russian oil revenues amid the Ukraine conflict.

The administration of US President Donald Trump has not extended an exemption from the sanctions regime that previously allowed transactions with Russian banks related to energy payments. Source: European Pravda Details: The so-called General License 8L from the US Treasury Department,