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.
TL;DR
- 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.