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2026-09-01T13:30:54.000Z

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Iran's Shadow Fleet and Digital Money

Iran's Shadow Fleet and Digital Money

Iran is facing a complex economic battle as a result of ongoing American sanctions, which aim to destroy its parallel economy network dependent on smuggling, manipulating oil trade, and foreign currency flows. Iran employs a shadow fleet of old ships, forged documents, foreign companies, digital platforms, and various manipulation methods to obscure oil transactions and financial dealings. The new American sanctions seek to disrupt this network by targeting money transfer channels and intermediaries in an effort to stop financial evasion. However, their success depends on Washington's ability to pursue major institutions in countries like China. Iran's economic indicators show a severe decline, with inflation reaching 89% and the price of the dollar exceeding 2 million rials, amid American escalation aimed at starving Iran into submission after the failure of bombings and maritime blockade operations.

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