...the US Treasury has rolled out new sanctions covering 40 Iran-linked companies, individuals and vessels in what is the most far-reaching attempt to disrupt Iran's oil trade on the high seas yet.

A senior administration official announced Wednesday the US is targeting a "sprawling petroleum shipping network" spearheaded by former Islamic Revolutionary Guard Corps (IRGC) commanders and their proxies such as Hezbollah.

The official charged that Iran's oil continued in "funding" global terrorism. The senior official further called on the international community to "reject oil from Iran" and further took the unprecedented step of offering a substantial reward to anyone that helps to "disrupt an [Iranian] government operation".