US sanctions Iranian shadow fleet, oil-for-gold network

The U.S. has imposed sanctions on Iran’s “shadow fleet” and an oil‑for‑gold scheme linked to Mohammad Hossein Shamkhani, accusing them of financing terrorism and seeking to cut Iran’s revenue streams. The move aims to curb Tehran’s ability to fund illicit activities and increase pressure on its control of oil shipments through the Strait of

The United States government on Wednesday sanctioned an Iranian shadow fleet and oil-for-gold network accused of funding terrorism. The State Department explained that the action was taken to limit Iran’s ability to generate revenue amid the continued blockade of the Strait of Hormuz. The sanctions target elements of the United States-designated Mohammad Hossein Shamkhani’s “multi-billion-dollar […] US sanctions Iranian shadow fleet, oil-for-gold network