US Treasury Department Imposes Sanctions on Iran's Shadow Fleet
Taking action against the shadow fleet network used by Iran for oil and petrochemical shipments, the US has added 17 vessels and numerous companies to the sanctions list.
The US Treasury Department announced new sanctions against the shadow fleet network used by Iran to transport billions of dollars worth of oil and petrochemical products. Within the scope of the implemented economic measures, 17 vessels and numerous companies were targeted.
Scope of the Sanctions Decision
The US Treasury Department announced new sanctions targeting the shadow fleet network involved in transporting Iranian oil to international markets. Within the framework of the decision, 17 vessels and various companies were included in the sanctions list.
Shadow Fleet and Front Companies
It was stated that the sanctioned vessels are registered in more than a dozen jurisdictions and operated by a complex international network of front companies. It was emphasized that this network continues to transport Iranian-origin products.
Registered Jurisdictions
The official statement noted that the 17 shadow fleet vessels included in the list are registered in various jurisdictions such as Panama, the Bahamas, Mongolia, Palau, Cameroon, and Hong Kong.
Steps Targeting the Iranian Sector
Numerous companies operating in Iran's oil and petrochemical sectors were also included in the scope. It was reported that these companies play an active role in the operation of the vessels and shipments.
Administration's Objectives and Statements
US Treasury Secretary Scott Bessent stated that they aim to block Iran's access to resources used to finance its war activities in the region. Additionally, it was recorded that OFAC removed two previously listed vessels from the list.