Washington DC, May 29 -- The United States on Thursday (local time) announced a fresh round of sanctions targeting Iran's so-called "shadow oil economy", accusing Tehran of illicit oil revenues to finance the Islamic Revolutionary Guard Corps (IRGC), regional proxy groups and military activities across West Asia.

In a statement, US Department of State spokesperson Tommy Pigott said the new measures are part of Washington's "Economic Fury" campaign aimed at intensifying pressure on Iran.

"The US is targeting the Iranian regime's dark fleet and illicit oil networks under Economic Fury," Pigott said in a post on X. "Today's sanctions cut off billions in revenue that funds the IRGC, proxy forces, and attacks on our partners. Any entity trad...