US targets 9 vessels in Iran shadow fleet with sanctions

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The Treasury Department announced its Office of Foreign Assets Control will target and place sanctions on nine Iranian shadow fleet vessels and their owners who allegedly transported hundreds of millions in Iranian oil and petroleum to foreign markets.

“Today’s sanctions target a critical component of how Iran generates the funds used to repress its own people,” Treasury Secretary Scott Bessent said in a statement Friday. “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.”

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Bessent said the sanctions are in response to the Iranian regime’s “brutal crackdown on peaceful protestors” and the Internet shutdown which he said serves “to conceal its abuses against the Iranian people.”

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