Maroc - EURASIAREVIEW.COM - A la une - 18/12/2025 23:26

US Increases Pressure On Iran’s Sanctions-Evading Shadow Fleet

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) said Thursday it is placing further pressure on the Iranian shadow fleet, which exports Iranian petroleum and petroleum products through deceptive shipping practices.  OFAC is targeting 29 shadow fleet vessels and their respective management firms that have transported hundreds of millions of dollars’ worth of Iranian petroleum products.  The action also targets Hatem Elsaid Farid Ibrahim Sakr, an Egyptian businessman whose companies are associated with seven of the 29 shadow fleet vessels included in this action, as well as multiple shipping companies.  “As President Trump has said repeatedly, the United States will not allow Iran to have a nuclear weapon,” said Treasury Under Secretary for Terrorism and Financial Intelligence John K. Hurley.  “Treasury will continue to deprive the regime of the petroleum revenue it uses to fund its military and weapons programs.”  OFAC is taking systematic actions against the shadow fleet that Iran relies on to evade sanctions and transport petroleum to end users in Asia.  Since President Trump resumed office, his Administration has sanctioned more than 180 vessels responsible for shipping Iranian petroleum and petroleum products, driving up costs for Iranian oil exporters and reducing the revenue Iran receives for each barrel of oil sold.  This action was taken pursuant to Executive Order (E.O.) 13902, which targets Iran’s petroleum and petrochemical sectors.  It continues the robust sanctions campaign targeting Iranian oil sales in support of the President’s National Security Presidential Memorandum 2 (NSPM-2), instituting maximum economic pressure on Iran.