US sanctions 17 tankers in Iran's 'shadow fleet'

Summarised from CNBC's report · Updated 8 Oct, 20:31 · Archive

The US Treasury has sanctioned 17 vessels connected to Iran's shadow fleet used to transport oil and gas.

The US Treasury Department has sanctioned 17 additional vessels it says are connected to Iran's 'shadow fleet' used to transport oil and gas from the country. The vessels are registered under more than a dozen jurisdictions and are responsible for transporting millions of barrels of Iranian crude and petrochemical products, according to Treasury.

The new sanctions are part of 'Operation Economic Outcast', the Trump administration's military and economic pressure campaign against Iran. Treasury Secretary Scott Bessent said in a statement that the action aims to starve 'the tyrannical regime in Tehran' of money used to wage war in the region. Though Treasury said the specific action is not expected to cause massive changes in Iran's economy on its own, it is targeting the 'remnants' of Iran's shadow fleet to complement existing sanctions.

Read the report

• Treasury sanctions 17 tankers linked to Iran's 'shadow fleet' in economic pressure campaignThe additional sanctions are part of the Trump administration's military and economic campaign against Iran.CNBC · 8 Oct, 18:13

In this story: United States · Iran · Treasury Department · Scott Bessent

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem