The US targets “Shadow Fleet,” an Iranian oil smuggling network that carries sanctions
Former CIA Station Chief Daniel Hoffman is Daniel Hoffman on satellite images showing activities at Fordau’s nuclear facilities, what will be next for negotiations with Iran and ending the war in Gaza?
The US has been targeted Iran’s The “Shadow Fleet” and Iraq and Iran’s oil smuggling networks have a network with sanctions on Friday to disrupt Tehran’s “access to financial resources that promote destabilizing activities.”
The Treasury said it was taking action against the network that collectively transported and purchased billions of dollars worth of Iranian oil.
“As President Trump revealed, Iran’s actions destroyed it. It had every opportunity to choose peace, but its leader chose extremism.” Bescent said In a statement.
Among the authorized people, Salim Ahmed, the Iraqi British National, said: He said the Treasury “runs a network of companies selling Iranian oil.”
Iran’s conflict reveals the need for the US to rethink its defense supply chain, experts say
Iran’s supreme leader Ayatollah Ali Khamenei speaks at a ceremony in May in Tehran, Iran, commemorating the first anniversary of the death of former Iranian president Ebrahim Raisi, who died in a helicopter crash in Iran, northern Iran last year. (via Iranian leader Press Office/Handout/Getty Images/Getty Images)
“The company’s companies use ship-to-ship relocation and other obfuscation technologies to hide their activities. SAID companies and vessels have blended Iraqi oil with Iraqi oil, and sold purely Iraqi oil through Iraq or the United Arab Emirates, and circumvented the system by circumventing purely Iraqi oil. “This allows oil to be sold in a legal market and helps Iran avoid international sanctions on oil exports.”
Financial officials argue Many Iraqi government agencies, including Congress, have fed millions of dollars of kickbacks in exchange for assistance in implementing the scheme.
They also said that Iran “relies on non-fiscal vessels to carry out relocations from ships to ships and receives Iranian oil from approved vessels before shipping Iranian origin cargo to Asian buyers.”
US oil production protects the economy from the threat of the Strait of Hormuz
A general view of the Hague Island Petroleum Terminal Port near the Iranian coast of the Persian Gulf. The Kharg Island Oil Terminal brings Iranian oil to the global market. (Fatemeh Bahrami/Anadolu Agency/Getty Images/Getty Images)
“The National Ilan Tanker Company (NITC) uses Singapore-based Trans Arctic Global Marine Service Pte. Ltd. (Trans Arctic Global) to arrange the operational services for NITC vessels passing through the Malacca Strait,” according to the Ministry of Finance. “Trans Arctic Global allows NITC to transport tens of millions of barrels of Iranian oil through the Strait of Malacca for its final ship-to-ship relocation to vessels waiting at restrictions on outer ports in eastern Singapore.”
Ships of Transarctic Global, Vizli of the Cameroonian flames, Fotis of the Comoros Formation, and Themis and Bianca Joiselle of the Panama Formation have been subjected to sanctions.
The movement comes later Trump administration Air strikes have begun at major nuclear sites in Iran.
According to the Ministry of Finance, a map showing how Iran smuggle oil through Iraq (Ministry of Finance)
For more information about Fox Business, click here
“The State Department has approved six entities and identifies four vessels for knowingly engaged in important transactions for the purchase, acquisition, sale, transport or marketing of petroleum, petroleum products or petrochemical products from Iran.” US Department of State It was announced again.
Alexandra Koch of Fox Business contributed to this report.