U.S. President Donald Trump has once again tightened the screws on Iran’s economy. As part of his “maximum pressure” policy, he announced new sanctions on Thursday targeting companies and tankers allegedly helping Iran bypass global restrictions on oil sales. At the same time, he signed a controversial bill that ends tax breaks for solar and wind power and shifts support toward oil and gas industries.


Fake Identities, Forged Documents, and Smuggled Iranian Oil

The U.S. Treasury Department identified dozens of companies and vessels accused of concealing the origins of Iranian oil — disguised as Iraqi — and selling it to Western buyers using falsified documents. Sanctions hit individuals like Salim Ahmed Said, a dual Iraqi-British citizen, who reportedly operated a network of firms used to transport and distribute sanctioned Iranian oil.

Investigations revealed that some proceeds flowed to Iran’s Quds Force, the elite unit of the Islamic Revolutionary Guard Corps (IRGC), designated by the U.S. as a terrorist organization.


Ships Disabled GPS and Falsified Manifests

The sanctions list also includes six companies operating tankers involved in loading Iranian oil and disguising its origin. Some vessels were found to have turned off tracking systems, transferred cargo mid-sea, and used falsified documentation to avoid detection.

Treasury Secretary Scott Bessent stated: “Our goal is to disrupt Tehran’s access to funds that fuel its destabilizing activities. We will intensify the economic pressure.”


Iranian Oil Still Flows, but Trump Hints at Possible Relief

Despite sanctions, Iran’s oil output remains stable, with China continuing to be a key buyer. While Trump has not lifted any restrictions, he hinted at a potential opening. Following recent U.S. airstrikes on Iranian nuclear targets — which he claimed had “completely dismantled” the program — he stated that if Iran proves peaceful, “we are open to broader cooperation.” However, no clear conditions were specified.


Trump’s “Beautiful Bill” Favors Fossil Fuels

That same day, Trump signed the One Big Beautiful Bill Act, a sweeping legislative shift in U.S. energy policy. The law eliminates federal tax credits for solar and wind power — which had been instrumental in growing the sector — and boosts oil, gas, coal, and nuclear investments.

Trump defended the bill, saying he doesn’t want “windmills ruining our homes” or “solar farms stretching for miles and covering half a mountain that looks ugly as hell.” He emphasized a return to “real energy.”


Oil and Coal Win Big: More Drilling, Lower Fees, Federal Land Access

The bill includes:

🔹 30 new oil lease auctions annually in the Gulf of Mexico

🔹 Expanded drilling in nine additional states and Alaska

🔹 Reduced royalty fees for energy companies on federal land

🔹 Increased tax credits for carbon capture projects

🔹 Boosts for metallurgical coal production used in steelmaking

It also extends hydrogen fuel tax credits through 2028 — a major win for companies like Chevron and ExxonMobil, which are investing heavily in hydrogen infrastructure.



#TRUMP , #iran , #oil , #TradeWars , #Geopolitics

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