US sanctions target Iran’s ‘shadow fleet’ with new measures
The US Treasury has imposed sanctions on 6 individuals, 27 companies, and 22 vessels linked to Iran’s oil and petrochemical shipping network.
The United States has imposed fresh sanctions on what it calls the remnants of Iran's shadow fleet of oil tankers, escalating pressure on Tehran. The US Treasury Department announced the sanctions, targeting dozens of individuals, companies, and vessels. This move effectively neutralizes most of Iran's remaining shadow fleet network, according to the department.
Treasury Secretary Scott Bessent stated that the goal is to prevent Iran from obtaining the funds needed to wage conflict in the region. The sanctions apply to 17 vessels that allegedly transported millions of barrels of Iranian crude oil and other petroleum and petrochemical products to South and East Asian markets. The Treasury also accused the companies owning these vessels of operating within Iran's petroleum and petrochemical sectors.
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