US Imposes New Sanctions on Iranian Military Oil Trade; Iran Refutes Ceasefire MoU Reports

Published: 2026-05-29T06:50:00Z
Category: military-and-conflict
Source: The Indian Express
Original source

The United States has announced additional sanctions targeting entities, individuals, and vessels involved in funding Iran's military and the Islamic Revolutionary Guard Corps. This development comes as Iran's Tasnim news agency denied earlier US media reports suggesting a finalized memorandum of understanding for a ceasefire extension between the two nations. These actions highlight ongoing tensions and a lack of diplomatic consensus.

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