The Trump Administration is intensifying pressure on Iran's Islamic Revolutionary Guard Corps by targeting the financial networks that enable its illicit oil operations.
Monday, the Department of the Treasury's Office of Foreign Assets Control imposed sanctions on a network involved in selling and shipping Iranian oil to overseas buyers, including China, on behalf of IRGC, and three senior officials from its Shahid Purja'fari Oil Headquarters who coordinate these illicit transactions.
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Political News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.