US imposes new sanctions on Iran’s shadow fleet, Treasury Department says

USA Today-Reuters-Feb24th 2025

WASHINGTON, Feb 24 – The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products as part of Tehran’s “shadow fleet,” the Treasury Department said.

The sanctions target oil brokers in the United Arab Emirates (UAE) and Hong Kong, tanker operators and mangers in India and China, the head of Iran’s National Iranian Oil Company, and the Iranian Oil Terminals Company, Treasury said.

It said the vessels sanctioned ship tens of millions of barrels of crude oil valued in the hundreds of millions of dollars, the department said in a statement.

“Iran continues to rely on a shadowy network of vessels, shippers, and brokers to facilitate its oil sales and fund its destabilizing activities,” said Treasury Secretary Scott Bessent.