The Treasury Department announced its Office of Foreign Assets Control will target and place sanctions on nine Iranian shadow fleet vessels and their owners who allegedly transported hundreds of millions in Iranian oil and petroleum to foreign markets.

Oil prices rose on Friday after U.S. President Donald Trump ratcheted up pressure against Iran through fresh sanctions on vessels that transport its oil, and announced that an armada was heading towards the Middle Eastern nation.

Bipartisan Russia sanctions package would impose tariffs on countries buying Russian oil and gas, primarily targeting China and India energy purchases.

Russia's fuel oil exports to Asia are falling for a third consecutive month as U.S. sanctions, refinery disruptions, and Ukrainian attacks sharply reduce shipments and deter buyers.

With tight business restrictions still in place, companies may find it challenging to even assess what opportunities exist for them in the South American nation.

Treasury sanctions target Iran's shadow banking as Mojtaba Khamenei allegedly transferred $328 million overseas according to Treasury Department reports.

Treasury Secretary Scott Bessent on Thursday slapped sanctions on top Iranian officials behind the deadly protest crackdown as they rushed to move tens of millions of dollars out of the country. “We are now seeing the rats fleeing the ship,

The economic penalties target the leaders of a bloody crackdown and companies that support Tehran’s illicit oil trade.

The U.S. has imposed sanctions on five Costa Ricans and five Costa Rican entities for allegedly transporting cocaine from Colombia.