Treasury Maintains Pressure on Iranian Shadow Fleet

WASHINGTON — Today, the United States Department of the Treasury is imposing sanctions on four entities and three vessels involved in the trade of Iranian petroleum and petrochemicals, which generate billions of dollars’ worth of revenue for the Iranian regime. This revenue supports Iran’s nuclear program, its development and proliferation of provocative ballistic missiles, and financing of terrorist proxy groups such as Hizballah, Hamas, and the Houthis. Vessels transporting Iranian petroleum and petrochemicals frequently use methods of obfuscation and deception to mask this trade, posing a significant danger to the maritime industry.Concurrently, the U.S. Department of State is taking action against four entities in multiple jurisdictions involved in the movement of Iranian petroleum.“Iran’s continues to rely on its shadowy network of vessels, companies, and facilitators to finance the development of its nuclear program, the proliferation of its weapons systems, and support to its proxies,” said Acting Under Secretary for Terrorism and Financial Intelligence Bradley T.