Treasury sanctions Iran’s petroleum ‘shadow fleet,’ ballistic missile networks

Source: New York Post

The US Treasury Department slapped sanctions on Iran’s petroleum “shadow fleet” and networks propping up the regime’s ballistic missile arsenal. Officials in the Treasury’s Office of Foreign Assets Control announced the economic penalties were being placed on more than 30 individuals, entities and vessels enabling the illicit sale of Iranian oil — a “primary source of revenue for financing domestic repression, terrorist proxies and weapons programs. ” At least 12 vessels were listed for having moved millions of barrels of oil on behalf of the ayatollah’s regime amid a bloody crackdown on protesters in the nation’s capital city.