Particle.news
Download on the App Store
11 ARTICLES
·
4d ago

US Targets Iran's Shadow Fleet and Smuggling Network in Tenth Sanction Round

Enforcement of these latest measures faces tensions given China’s continued crude imports from Iran.

U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump?s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. REUTERS/Elizabeth Frantz/File Photo
Image
Image

Overview

  • The actions implement National Security Presidential Memorandum-2 and Executive Orders 13846, 13902 and 13224 to choke off Iranian oil revenue.
  • Iraqi businessman Salim Ahmed Said’s network was designated for disguising Iranian crude as Iraqi since 2020, generating billions for Tehran.
  • Multiple vessels in Iran’s shadow fleet and their management firms were sanctioned for covert ship-to-ship transfers of Iranian oil.
  • Officials tied to Hezbollah’s Al-Qard Al-Hassan financial institution were added to the sanctions list for masking transactions that funded the group.
  • Chinese ports imported nearly 1.4 million barrels per day of Iranian oil in the first half of 2025, highlighting enforcement tensions after President Trump signaled openness to such imports.