U.S. Treasury Targets Iranian Shadow Fleet
The U.S. Treasury Department imposed new sanctions on an Iranian network aimed at preventing Tehran from accessing global trade, particularly through the "Shadow Fleet" network used for transporting LPG and concealing its source. The sanctions targeted six gas carriers and an Iranian money exchange company, along with measures designed to undermine Iran's ability to generate revenue and transfer funds, in an effort to pressure its economy and disrupt its international financial operations. Additionally, maritime traffic through the Strait of Hormuz has decreased amid the escalating U.S. sanctions on Iran.
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