The U.S. Treasury has imposed sanctions on over a dozen individuals and companies linked to the Iranian oil network. This action, marking the first sanctions under President Trump’s renewed administration, seeks to halt oil shipments to China, which allegedly fund Iran's advancing nuclear program. Treasury Secretary Scott Bessent criticized previous sanctions policies and emphasized the U.S. commitment to targeting Iran's oil revenues, while Trump expressed openness to negotiation with Tehran. The sanctions coincide with Trump's directive for maximum economic pressure on Iran amid accusations that its oil supports regional terrorism.