US sanctions 17 Iranian oil vessels

The U.S. Department of the Treasury announced sanctions against 17 ships linked to the transportation of Iranian oil, due to their involvement in the transfer of crude oil, petroleum products, and petrochemicals. Estimates indicate that Iran still has approximately 20 million barrels of crude oil onboard ships that are outside the scope of the U.S. blockade imposed on its ports, amid a halt in oil loading and unloading operations due to sanctions. The department also confirmed that U.S. pressure on Iran's oil trade continues to aim at reducing its exports.

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