On Wednesday, the United States announced a new round of sanctions aimed at Iran's oil industry, specifically targeting over two dozen individuals and entities involved in oil transport infrastructure linked to petroleum magnate Mohammad Hossein Shamkhani. This action is part of a broader strategy to limit Iran's revenue generation as it continues to keep the Strait of Hormuz closed, a crucial passage for global oil shipping. US Treasury Secretary Scott Bessent emphasized that these sanctions are part of an aggressive campaign to pressure Iranian regime elites profiting at the expense of the Iranian populace. The sanctions come alongside a naval blockade of Iran's ports, further escalating tensions in the region. Additionally, the US has decided not to extend a temporary sanctions waiver that previously allowed for the sale of Iranian oil at sea, a move intended to stabilize rising oil prices amid ongoing conflicts. The new sanctions also include actions against Seyed Naiemaei Badroddin Moosavi, identified as a financier for the Iran-backed militant group Hezbollah, along with three companies involved in a money laundering scheme exchanging Iranian oil for Venezuelan gold.