US Imposes New Sanctions on Iran’s Oil Sales
The Treasury targeted shadow fleet vessels and front companies to starve the regime of funds for rebuilding its armed forces.
US Imposes New Sanctions on Iran’s Oil Sales The U.S. Treasury Department has imposed new sanctions targeting Iran’s military oil trade. These sanctions designate eight vessels carrying Iranian crude oil and petroleum products, along with over 15 entities involved in the oil’s movement and sale. The measures aim to block U.S. property and transactions involving the targeted entities, exposing foreign parties to secondary sanctions.
- U.S. Treasury Department imposed new sanctions on Iran’s military oil trade.
- Eight vessels carrying Iranian crude oil and petroleum products were designated.
- More than 15 entities that help move and sell the oil were also targeted.
- Targeted ships include the Flora, Huancayo, and Ill Gap.
- Entities include Hong Kong-based Worth Seen Energy Limited, Mehdiyev Trading Co., Tida Co., Damai Technology Development Limited, and Dubai/UAE-based Symphony Shipping and Maritime Management Inc. and Luan Bird Shipping Service LLC.
- Designations block U.S. property and transactions and expose foreign parties to secondary sanctions risks.
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