US Issues Fresh Iran-Related Sanctions Targeting State Oil Sector

Treasury Secretary Steven T. Mnuchin speaks during the Senate's Committee on Banking, Housing, and Urban Affairs hearing examining the quarterly CARES Act report to Congress, in Washington, on Sept. 24, 2020. Toni L. Sandys/Pool via Reuters

WASHINGTON—The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move to increase pressure on Tehran.

The U.S. Treasury Department in a statement said it was slapping sanctions on key actors in Iran’s oil sector for supporting the Quds Force, the elite foreign paramilitary and espionage arm of the Islamic Revolutionary Guard Corps.