US imposes new sanctions on fleet involved in Iran’s oil exports
The US government has announced new sanctions on what it says is a “shadow fleet” involved in the export of oil from Iran.
The US Department of Treasury said in a statement on Tuesday that it had targeted 35 entities and vessels that transported Iranian petroleum to foreign markets.
The Treasury, which had announced similar sanctions on October 11, said the new sanctions are a response to Iran’s missile attack on Israel in early October and the country’s recent decision to increase its nuclear enrichment capacity.
Iran carried out attacks on Israel on October 1 in response to the regime’s assassination of a senior Palestinian resistance leader in Tehran and its genocidal wars in Gaza and Lebanon.
Tehran also announced last month that it would expand its nuclear enrichment activity after the UN atomic watchdog’s board of governors adopted a resolution against the country.
The new US sanctions targeting Iran’s oil export capacities come amid increasing Iranian oil sales to Asian markets and despite an already-existing regime of US sanctions that impose heavy penalties on buyers of Iranian oil.
Figures published by international tanker tracking services show that Iran has been selling an average of more than 1.5 million barrels per day of oil in the past months.
That has provided the country with the funds it needs to expand its economic infrastructure, including projects it has launched to develop its vast petroleum sector.
The US Treasury claimed in its Tuesday statement that Iran was funneling revenues from its petroleum trade toward the development of its nuclear, ballistic missile, and unmanned aerial vehicle programs.
Iran mulling to increase fuel prices to stop mass smuggling
Oil terminals: Iran’s arteries for energy hub
Iran says cryptomining a major cause for rising electricity demand
VIDEO | Biden exits with ‘massive surge’ of arms for Ukraine
Iran warns of ‘NPT withdrawal’ if snapback activated
Over 60,000 Palestinians in northern Gaza on verge of death as Israeli siege rages on
Iran asserts will continue to support Syria until terrorists vanquished
Role of oil terminals in Iran’s plan to become energy hub
VIDEO | Jordanian committee organizes speech festival in solidarity with Gaza, Lebanon
Syrian, Russian air forces carry out heaviest strikes since terror resurgence
VIDEO | Italy's forum denounces journalists’ massacre in Gaza
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
