US Treasury Department updates the Iran related sanction designations, awaiting further details

• Later update reported that sanctions was placed on two individuals, entities and ships linked to Iran.
• State Department announced it had identified 14 vessels, known as the "Shadow Fleet", as belonging to entities involved in transporting Iranian oil and other products. 

The US Treasury's update on sanctions against Iran underscores heightened geopolitical tensions, particularly related to oil imports. The identification of the 'Shadow Fleet' could tighten the oil supply further and keep upward pressure on WTI prices. Traders should watch for potential disruptions in energy markets and consider how this might impact related assets.