Politics
US Treasury sanctions Iran's shadow fleet over oil exports
October 8, 2026 at 07:01 PM
3 reports
The US Treasury has imposed new Iran-related sanctions on individuals, companies, and vessels tied to Tehran's oil trade.
- The Treasury sanctioned 6 individuals, 28 companies and entities, and 22 ships involved in transporting Iranian crude, petroleum products, and petrochemicals.
- Treasury Secretary Scott Bessent said the measures aim to deprive Tehran of the funds it uses "to wage war in the region."
- A Treasury official said Iran has halted tanker loading and unloading due to the US naval blockade, with up to 20 million barrels of crude remaining at sea.
- OFAC issued a license permitting wind-down of transactions with the sanctioned Indian firm Samudra Marine Services and delisted two container ships flying the Liberian flag.



