India, May 29 -- Any entity involved in Iran's "illicit oil trade" or trading Iranian energy products could face American sanctions, the Donald Trump administration has said. This comes as Washington and Tehran continue discussions on extending a ceasefire and reviving negotiations to end the US-Israeli war on Iran. Track live updates here.

"Any entity cooperating with Iran's illicit oil trade or trading Iranian energy products faces the risk of exposure to US sanctions," the Trump administration said in a statement. "The United States will not hesitate to take action against anyone, anywhere, funding the Iranian government's ability to attack its neighbours and its own people."

The US and Iran are discussing terms to extend the current...