The United States has imposed sweeping sanctions targeting Iran's energy exports and to deny the Iranian regime from using revenues from it to fund its malign activity.
The Department of State said it is sanctioning approximately 40 individuals, entities, and vessels involved in the trade of Iranian energy products that generates hundreds of millions of dollars of revenue for the Iranian regime. These designations include some of the largest buyers of Iranian petrochemical products by volume and value, as well as the leadership of the companies involved in that trade. The Department is also designating a China-based liquid petrochemical products terminal and multiple shadow fleet operators and vessels.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.