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US sanctions target Iran oil tankers

US sanctions target Iran oil tankers

The United States has announced a new round of sanctions against Iran, targeting 8 vessels and 10 entities, including two companies that operate a maritime insurance system requiring ships to pass through the Strait of Hormuz in exchange for obtaining insurance documents. This system is considered a means of extorting ships and providing funding to the Revolutionary Guards. The sanctions also targeted companies registered in Hong Kong, China, and the Marshall Islands that were transporting Iranian oil to China and the UAE, as part of the "maximum pressure" policy aimed at reducing Iran's oil revenues. This development follows statements by the U.S. president, in which he pledged strong strikes against Iran after U.S. forces intercepted Iranian missiles in the Middle East, amid escalating military and economic tensions in the region.

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