US issues new sanctions against Iranian 'shadow fleet'

The United States Treasury Department Office of Foreign Assets Control (OFAC) issued fresh sanctions against Iran's so-called "shadow fleet," targeting nine vessels and eight related firms, amid the ongoing protests in Iran.

According to the Treasury, the sanctioned vessels and entities, some of which are based in India, Oman and the United Arab Emirates, collectively facilitated the transport of hundreds of millions of dollars' worth of Iranian oil and petroleum products to foreign markets and used that revenue to fund "regional terrorist proxies, weapons programs, and security services."

US Secretary of the Treasury Scott Bessent stated that these measures target a "critical component of how Iran generates the funds used to repress its own people," adding that the Treasury will continue to "track the tens of millions of dollars that the regime has stolen and is desperately attempting to wire to banks outside of Iran."

https://breakingthenews.net/Article/US-issues-new-sanctions-against-Iranian-'shadow-fleet'/65535355