US President Donald Trump has imposed new sanctions targeting Iran’s oil network. The sanctions affect Iranian firms, ships, companies, and individuals linked to the sector, despite similar measures during Biden’s tenure. US Treasury Secretary Scott Besant stated that Iran continues using oil revenues to fund its nuclear program, ballistic missile development, and proxy terrorist groups. The US remains committed to countering these threats. Trump, who imposed numerous sanctions in his first term, has initiated further restrictions within a week of beginning his second term.