April 16, 2026 10:01 AM
US warns that buyers of Iranian oil could be hit with sanctions
The United States on Wednesday threatened to sanction buyers of Iranian oil and said it believed China would pause such purchases as Washington enforces a maritime blockade on Iran. "We have told countries that if you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions," U.S. Treasury Secretary Scott Bessent told reporters at the White House. The U.S. maritime blockade on Iran began on Monday as the Iran war entered its sevent...


