U.S. Expands Sanctions on Iran with 19 Vessels Targeted in Oil Export Crackdown
The U.S. Treasury Department has imposed sanctions on 19 vessels and a network of entities involved in Iranian oil, LPG, and petrochemical exports. This move is part of a broader effort to restrict Iran's energy revenues amid ongoing Middle East conflicts. The sanctions target Iran's 'shadow banking system' and 'shadow fleet,' which facilitate the movement of billions of dollars in oil and petrochemical sales outside traditional financial channels. The action is part of the 'Economic Fury' campaign aimed at disrupting Iran's revenue generation through global energy markets. The targeted vessels, operating under various international flags, have been transporting Iranian-origin cargoes, generating significant revenue for Tehran. 
