US Treasury Sanctions 29 Ships and Entities in Iran 'Shadow Fleet'
Key Takeaways
- The U.S. Treasury sanctioned 29 ships and their management companies tied to Iran's shadow fleet.
- The vessels moved Iran's oil and petroleum products while evading sanctions through deceptive practices.
- The action reflects ongoing U.S. effort to curb Iran's oil exports and revenue.
Treasury Targets Shadow Fleet
The US Treasury sanctioned 29 vessels and associated companies identified as part of Iran's shadow fleet.
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The move is part of the maximum pressure campaign targeting Iran's oil revenues.
Sanctions targeted 15 entities and two individuals, including an Egyptian trader linked to seven ships.
Sanctions Cited Deceptive Practices
The Treasury said the ships used deceptive shipping methods.
OFAC has sanctioned more than 180 ships since Trump returned.
The sanctions aim to counter Iran's use of old vessels with unclear ownership.
US and Iran Held Indirect Talks
The sanctions came one day after indirect talks in Oman.
“On Thursday, December 18, the U”
Analysts criticized the sanctions as placing punitive measures on unlicensed private companies.
The US quietly reopened several Iranian banks to commercial transactions.
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