The United States has escalated its crackdown on Iran’s oil trade, warning countries and banks they face sanctions for facilitating purchases. Treasury Secretary Scott Bessent confirmed Washington will not renew waivers that allowed Iranian oil at sea to reach markets. The U.S. has also sanctioned dozens of entities tied to Iran’s oil transport network and issued warnings to financial hubs including China, Hong Kong, the UAE and Oman. The move signals a tougher enforcement phase aimed at cutting Tehran’s revenues, even as global energy markets remain sensitive to supply disruptions.#IranOil #USSanctions #China #OilMarket #BreakingNews #Geopolitics #EnergyCrisis #Tehran #GlobalTrade #Sanctions