US targets Iran oil shipping network

Al Jazeera
Al Jazeera 5d
The US sanctioned 14 vessels and separately designated two individuals and 15 entities tied to shipping and management of Iranian-origin oil and petrochemical products.
US targets Iran oil shipping network
Why it matters
According to the US government, the 14 vessels are part of a “shadow fleet” used to bypass restrictions on transporting Iranian oil and petroleum products. The State Department also announced sanctions on two people and 15 entities, including ship management companies based in China, Liberia and Turkiye, for trading in Iranian-origin crude oil, petroleum products or petrochemical products. The sanctions were announced on Friday as the US and Iran held talks in Oman.
TOPICS

Energy & Power Oil & Gas

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