US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers | Oil and gasoline information

Adeyemi Adeyemi

International Courant

The newest US sanctions are a part of an effort to disrupt Iran’s use of oil revenues to finance its nuclear program.

The USA has imposed further sanctions on Iran towards 35 entities and ships it says are a part of a “shadow fleet of ships” transporting cargoes of Iranian crude to overseas markets.

The sanctions are much like these beforehand imposed two months in the past in response to Iran’s October 1 missile assault on navy websites in Israel and introduced nuclear escalations, the US Treasury Division mentioned in a press release on Tuesday.

“Iran continues to channel revenues from its petroleum commerce into the event of its nuclear program, the proliferation of its ballistic missile and unmanned plane expertise, and sponsorship of its regional terrorist allies, risking additional destabilizing the area,” mentioned Performing Assistant Secretary for Terrorism and Finance. Intelligence officers Bradley Smith mentioned in a press release.

“The USA stays dedicated to disrupting the shadow fleet of ships and operators that facilitate these unlawful actions, utilizing the complete vary of our instruments and authorities,” Smith added.

Iranian oil and petrochemical merchandise are already beneath heavy US sanctions.

The newest sanctions will freeze the entities’ belongings within the US and usually make it unlawful for People to interact in monetary transactions with them.

Tehran fired a barrage of rockets into Israel on October 1 in retaliation for the assassination of Hamas chief Ismail Haniyeh in Tehran and the killings of Hezbollah chief Hassan Nasrallah and an Iranian normal in Beirut.

Iran’s envoy to the United Nations, Amir Saeid Iravani, mentioned after Haniyeh’s killing that his nation is “absolutely ready to defend its sovereignty and territorial integrity towards any aggression aimed toward its very important pursuits and safety.”

Iran has warned that if an “vitality struggle” have been to interrupt out, the world would lose about 12 million barrels of oil a day – about 10 % of world manufacturing.

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers | Oil and gasoline information

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