The United States has imposed new sanctions targeting individuals, companies, and ships linked to Iran, according to an update published on the US Treasury Department’s website. The announcement came during a period of ceasefire between Iran and the United States. The Treasury stated that three individuals, 17 entities, and nine vessels have been added to the sanctions list.

Shortly before this update, Treasury Secretary Scott Besent announced that the previous waiver allowing the purchase of oil from Russia and Iran while at sea would not be renewed. This move signals a tightening of economic pressure on Iran’s oil trade and related networks.

The decision is expected to further restrict Iran’s ability to conduct international oil transactions and increase economic strain on sectors connected to its energy exports, as reported by Al Jazeera.