- Treasury sanctioned 17 vessels registered in more than a dozen jurisdictions, accusing them of transporting millions of barrels of Iranian crude, petroleum, and petrochemical products.
- The sanctions target the remnants of Iran's shadow fleet, including the Vanuatu-flagged TINA 5, Comoros-flagged LPG tanker SOGL, and Cameroon-flagged crude tanker SHENZHEN.
- Iran has not loaded any crude oil for export since Aug. 25, according to Kpler data, as the U.S. blockade of Iranian ports disrupts oil flows.
- The U.S. war with Iran has whipsawed oil and gas prices, with the national average gasoline price at $4.36 per gallon ahead of November midterms.
Quotes
“Treasury is starving the tyrannical regime in Tehran of the money it uses to wage war in the region, and we will continue exposing those who enable the regime's oil sales.”
“No enabler of Iranian sanctions evasion is safe from the full force of Treasury's authorities.”