Sanctions

The US Treasury said it was also prepared to act against any foreign company supporting illicit Iranian commerce and could impose secondary sanctions on foreign financial institutions that aid Iran.

This comes as a Russian overnight missile and drone attack on Ukrainian gas production facilities killed five people, including two rescue workers.

Oil shipments from Russia have jumped 75% to about 60,000 barrels per day this year, making Moscow the country's dominant crude supplier following the fall of Assad in December 2024.

The move comes after the US imposed new sanctions on Tuesday on 35 groups and individuals involved in operating Iran's covert "shadow banking" financial network.

"The Russian supplier of the cargo will have to find an alternative destination to unload it," read a statement issued by Israel’s Grain Importers Association.

The move comes after the US said on Friday it had imposed sanctions on an independent "teapot" refinery in China for buying billions of dollars' worth of Iranian oil.

$80,000 designated for the welfare of Ukrainian children was blocked over links to Israel, with the treasury citing the risk of diverting funds from the conflict with Russia

Last year, the US imposed sanctions on teapots Hebei Xinhai Chemical Group, Shandong Shouguang Luqing Petrochemical, and Shandong Shengxing Chemical.

Russian news agencies quoted a statement by diplomats at Russia's mission to the European Union as saying the measures were meaningless without a decision from the UN Security Council.

Operation Economic Fury began with the blockade of Iranian ports in the Strait of Hormuz before expanding to ships providing support to the Iranian regime in international waters.