US Impresses Economic Penalties on 'Shadow Fleet' Transporting Iranian Oil
In an effort to curb Tehran's alleged support of terrorism and subdue domestic unrest, the US State Department has announced economic sanctions against 14 ships involved in transporting Iranian oil. This move, part of a broader strategy under President Donald Trump, is aimed at straining Iran's financial resources.
The Treasury Department imposed penalties on two people and 15 entities, including management companies from China, Liberia, and Turkey, accused of trading Iranian crude oil or petrochemical products. The sanctions are designed to target the core source of revenue for the Iranian regime – its petroleum exports.
Critics argue that these measures will exacerbate economic hardship in Iran while failing to address the root causes of domestic unrest. The US claims that it is necessary to impede Tehran's ability to bankroll terrorism and suppress its own citizens.
US President Donald Trump has warned Iran, stating his willingness to take strong action if protesters face execution or repression by the Iranian authorities. In January, he deployed a significant naval force near Iran, sparking concerns among regional allies that such military actions could lead to broader conflict in the Middle East.
Iran's Foreign Minister Abbas Araghchi described recent talks with US officials as "good" but no further details have been released about the negotiations.
In an effort to curb Tehran's alleged support of terrorism and subdue domestic unrest, the US State Department has announced economic sanctions against 14 ships involved in transporting Iranian oil. This move, part of a broader strategy under President Donald Trump, is aimed at straining Iran's financial resources.
The Treasury Department imposed penalties on two people and 15 entities, including management companies from China, Liberia, and Turkey, accused of trading Iranian crude oil or petrochemical products. The sanctions are designed to target the core source of revenue for the Iranian regime – its petroleum exports.
Critics argue that these measures will exacerbate economic hardship in Iran while failing to address the root causes of domestic unrest. The US claims that it is necessary to impede Tehran's ability to bankroll terrorism and suppress its own citizens.
US President Donald Trump has warned Iran, stating his willingness to take strong action if protesters face execution or repression by the Iranian authorities. In January, he deployed a significant naval force near Iran, sparking concerns among regional allies that such military actions could lead to broader conflict in the Middle East.
Iran's Foreign Minister Abbas Araghchi described recent talks with US officials as "good" but no further details have been released about the negotiations.