US Issues Warning on Iran Oil Trade Amid Ceasefire Deal Hopes

The US and Iran are discussing terms to extend the current ceasefire by 60 days through a proposed MoU to allow further negotiations. | World News

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The US has warned any entity involved in Iran's 'illicit oil trade' or trading Iranian energy products could face American sanctions.

The warning comes as Washington and Tehran continue discussions on extending a ceasefire and reviving negotiations to end the US-Israeli war on Iran.

The US has imposed sanctions on several entities, individuals and vessels linked to Iran's oil and petrochemical business.

The sanctions announcement comes days after the US bombed Iran amid ongoing ceasefire negotiations.