SENSEX
NIFTY
GOLD
USD/INR

Weather

image 30    C

Economy News

The Economic Times

Economy / The Economic Times

details

US announces new sanctions on Iranian oil as it holds Hormuz 'hostage'

The United States is intensifying sanctions on Iran's oil industry, targeting over two dozen individuals, companies, and ships linked to petroleum magnate Mohammad Hossein Shamkhani. This action aims to curb Iran's revenue generation as it continues to blockade the Strait of Hormuz amid the ongoing Middle East war.

16 Apr 2026 6:33 am