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US Sanctions Iran's 'Shadow Fleet', Cuts Oil Revenue
The U.S. Treasury Department imposes sanctions on 29 vessels, part of a shadow fleet smuggling Iranian oil, aiming to cut off funds for terrorism and illegal activities. The network, operated by an Egyptian businessman, spans multiple countries. This action, part of a broader strategy, limits Irans oil exports and reduces revenue for its military programs. Over 180 vessels have been sanctioned since the Trump administrations policy began.
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Published on 2 weeks ago