The United States on Friday imposed sanctions on nine vessels of what is known as the shadow fleet and eight related firms, the U.S. Treasury Department said, as the Trump administration sought
The United States on Friday imposed sanctions on nine vessels of what is known as the shadow fleet and eight related firms, the U.S. Treasury Department said, as the Trump administration sought to escalate pressure on Iran over the recent killing of protesters.
The Treasury said the vessels and their respective owners or management firms, which include entities based in India, Oman and the United Arab Emirates, have collectively transported hundreds of millions of dollars’ worth of Iranian oil and petroleum products to foreign markets.
"Today’s sanctions target a critical component of how Iran generates the funds used to repress its own people. As previously outlined, Treasury will continue to track the tens of millions of dollars that the regime has stolen and is desperately attempting to wire to banks outside of Iran," Treasury Secretary Scott Bessent said in a statement.
TREASURY SAYS REVENUE BELONGS TO IRANIAN PEOPLE
The Treasury said the revenue belongs to the Iranian people, but is instead diverted to fund Iran's "regional terrorist proxies, weapons programs, and security services, instead of the basic economic services the Iranian people have bravely demanded."
Iran's mission to the United Nations in New York did not immediately respond
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