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U.S. Targets Iran’s Shadow Fleet With Sanctions On Tankers And Hong Kong Oil Network

U.S. Targets Iran’s Shadow Fleet With Sanctions On Tankers And Hong Kong Oil Network

Marine Insight
U.S. Targets Iran’s Shadow Fleet With Sanctions On Tankers And Hong Kong Oil Network
sanctions
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The United States on Thursday announced a new round of sanctions targeting Iran’s so-called “dark fleet” and oil trading networks accused of helping Tehran export petroleum and petrochemical products in violation of US sanctions.

The US Departments of State and Treasury said the measures target entities, individuals and vessels allegedly involved in transporting Iranian oil and generating revenue for the Islamic Revolutionary Guard Corps (IRGC), Iran’s military and regional proxy groups.

US State Department spokesperson Tommy Pigott said the action is part of Washington’s “Economic Fury” campaign against Iran.

“The US is targeting the Iranian regime’s dark fleet and illicit oil networks under Economic Fury,” Pigott said in a post on X. “Today’s sanctions cut off billions in revenue that funds the IRGC, proxy forces, and attacks on our partners.”

According to the State Department, eight entities and eight vessels were identified as blocked property for transporting Iranian petroleum or petrochemical products.

Three additional entities and

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