The United States has imposed new sanctions on 27 companies, six individuals and 22 vessels linked to Iran’s oil trade. The move targets shipping companies and tankers that the US says have helped Iran sell oil and avoid sanctions.
The US Department of the Treasury said the vessels had carried millions of barrels of Iranian crude oil, petroleum and petrochemical products to markets in South and East Asia.
The sanctions target Iran’s remaining shadow fleet, a network of ageing tankers used to move oil and other petroleum products to foreign buyers.
The action is part of the Trump administration’s effort to cut off money earned from Iran’s oil sales. The Treasury said the country relies on its shadow fleet to move billions of dollars’ worth of petroleum and petroleum products.
Treasury Secretary Scott Bessent said the United States was targeting those helping Iran sell oil and avoid sanctions.
The sanctions were
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