India, May 30 -- China backs Iran on the Strait of Hormuz, vowing to continue buying Iranian oil and stand with Tehran regardless of sanctions while stating, "No amount of pressure will change our support for Iran.

WASHINGTON, May 28 (Reuters) - The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz.

The Trump administration has placed additional sanctions on Iran as part of a sprawling economic pressure campaign during the war, this time targeting the country’s newly created agency that is trying

The U.S. Treasury announced late Wednesday that it has sanctioned an Iranian entity, newly created to oversee and manage the Strait of Hormuz.

May ⁠29 (Reuters) - ⁠The ⁠United States ​issued ‌new ‌counter-terrorism ⁠sanctions on ⁠Friday targeting ​Iranian ​individuals ⁠and entities, ⁠among ⁠others, a notice ​on ​the ⁠Treasury ⁠Department website showed. (Reporting ⁠by Ismail Shakil and ⁠Bhargav Acharya; Editing by ​Daphne ​Psaledakis) Copyright 2026 Thomson Reuters. Tags: Iran, United States, Middle East, international trade Read More

Asked whether the US would keep its financial and economic embargo on Iran going, Bessent said “we’ll see.” He was speaking Friday in a question-and-answer session after del

The U.S. Treasury on Friday announced sanctions against 10 individuals and companies, including several in China and Hong Kong, ​over accusations they aided Iran's efforts to secure weapons and the raw materials needed ‌to build its Shahed drones and ballistic missiles.

The US and Iran reached a potential agreement to open the Strait of Hormuz and start nuclear talks, but the deal has been awaiting sign-off from President Donald Trump. Follow for live updates.

The US and Iran are discussing terms to extend the current ceasefire by 60 days through a proposed MoU to allow further negotiations. | World News