US imposes sanctions on Iranian Oil Minister Paknejad

The US has targeted Iran's oil industry. The US Department of the Treasury has imposed sanctions on Iranian Oil Minister Mohsen Paknejad and vessels used to transport Iranian oil to China.

US Treasury Secretary Scott Bessent stated that by targeting Paknejad with new sanctions, they aim to completely cut off Iran's oil exports, adding, "The Treasury Department will combat and disrupt the regime's financing of its destabilizing activities and its dangerous ventures."