The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products as part of Tehran's "shadow fleet," the Treasury Department said.

The United States on Monday announced sanctions against more than 30 Iran-linked people and vessels, including the head of the national oil company, for brokering the sale and shipment of Iranian oil.

The Trump administration’s math on Middle Eastern energy supplies just doesn’t add up. The law of supply and demand is the most basic insight in economics. When there's more of a good available for sale than people who want to buy it,

Oil prices edged higher on Monday as fresh U.S. sanctions on Iran and a commitment to compensate for overproduction by Iraq added to concerns of near-term supply tightness, helping the market recover some of Friday's steep losses.

The latest sanctions come after President Donald Trump pledged his administration would drive Iran's oil sales down to zero.

The United States has imposed sanctions on more than 30 people and vessels for selling and transporting Iranian petroleum-related products as part of the country’s"shadow fleet

The Trump administration imposed a new round of sanctions on oil brokers, ships and people it said were linked to illicit shipments of Iranian crude, framing the move as a return to a “maximum pressure” strategy to squeeze the country’s economy.

The Trump administration announced new sanctions aimed at Iran‘s “shadow fleet” of oil tankers that it said are used to fund destabilizing activities around the world. The sanctions, imposed Monday by the Treasury Department’s Office of Foreign Assets Control and the State Department,