The Department of the Treasury has announced it is sanctioning 29 shadow fleet vessels engaged in the covert delivery of hundreds of millions of dollars’ worth of Iranian oil and petroleum products.
The goal is to stem the flow of the Iranian regime’s revenue used to support terrorism and other illicit activities.
Entities sanctioned include a network of companies and vessels operated by a prominent Egyptian businessman, and several companies active in countries including the United Arab Emirates, India, the Marshall Islands, and Panama.
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