politics
Trump raises pressure on Iran with new sanctions on oil shadow fleet
The Trump administration is imposing new sanctions targeting Iran’s elusive “shadow fleet” of oil tankers, escalating pressure on Tehran just one day before peace negotiations are scheduled to resume.
TL;DR
- The Trump administration has imposed new sanctions on Iran's "shadow fleet" of oil tankers.
- A Chinese independent refinery, Hengli Petrochemical (Dalian) Refinergy Co., Ltd., is also sanctioned for purchasing billions of dollars worth of Iranian petroleum.
- The "shadow fleet" consists of hundreds to thousands of illegal tankers operated by Iran, Russia, and Venezuela to evade sanctions.
- These sanctions are part of the "Economic Fury" campaign, intended to financially strangle the Iranian regime and curtail its aggression and nuclear ambitions.
- At least 19 vessels and nearly 20 shipping companies are sanctioned for transporting Iranian crude oil and petrochemical products.
- The sanctions were announced one day before peace negotiations between U.S. and Iranian officials were scheduled to resume in Pakistan.