The Biden administration on Tuesday ramped up sanctions on Iran, targeting 35 entities and vessels it said carried illicit Iranian petroleum to foreign markets as part of what the U.S. Treasury Department called Tehran's "shadow fleet."
Eight of the 21 sanctioned ships are loaded with oil, while another was on its way to a Russian port to lift a cargo, shipping data on LSEG Workspace showed © Mena Today
The Biden administration on Tuesday ramped up sanctions on Iran, targeting 35 entities and vessels it said carried illicit Iranian petroleum to foreign markets as part of what the U.S. Treasury Department called Tehran's "shadow fleet."
The sanctions build on those imposed on Oct. 11 and come in response to Iran's Oct. 1 attack on Israel and to its announced nuclear escalations, the Treasury Department said in a statement.
"Iran continues to funnel revenues from its petroleum trade toward the development of its nuclear program, proliferation of its ballistic missile and unmanned aerial vehicle technology, and sponsorship of its regional terrorist proxies, risking further destabilizing the region," Acting Under Secretary for Terrorism and Financial Intelligence Bradley Smith said.
"The United States remains committed to disrupting the shadow fleet of vessels and operators that facilitate these illicit activities, using the full range of our tools and authorities."
Such sanctions target key sectors of Iran's economy with the aim of denying the government funds for its nuclear and missile programs. The move generally prohibits any U.S. individuals or entities from doing any business with the targets and freezes any U.S.-held assets.
Eight of the 21 sanctioned ships are loaded with oil, while another was on its way to a Russian port to lift a cargo, shipping data on LSEG Workspace showed.
Suezmax-sized tanker Min Hang loaded Russian Urals crude at Ust-Luga port on Nov. 17 and is heading to Port Said in Egypt while Vesna, an Aframax-sized tanker, is heading to the Pacific port of Kozmino to load Russian ESPO Blend crude on Dec. 8, the data showed.
The Very Large Crude Carrier (VLCC) Phonix was due to discharge its cargo at the port of Rizhao in China's eastern province of Shandong while medium-range tanker Rio Napo was set to offload its naphtha cargo at Sohar port on Dec. 4.
Off Malaysia, fully-laden VLCC Elva is anchored along with VLCCs FT Island and Yuri which appear to be empty.
VLCC Bertha is moving away from western Africa after loading Nigerian Egina crude.
Two other tankers - Lady Lucy and Merope - are loaded with fuel oil while tanker Tonil is carrying naphtha.
By Doina Chiacu, Susan Heavey and Florence Tan
The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of President Donald Trump, according to an Axios report, after Iran targeted a U.S. air base in Kuwait on Thursday in the wake of U.S. strikes on what Washington described as an Iranian drone operation.
Iran's Football Federation has asked FIFA to help obtain multi-entry visas for its players so they can travel between their Mexican base camp and their matches in the United States, federation president Mehdi Taj announced Thursday.
Kuwait's army said on Thursday that its air defences were intercepting hostile missile and drone threats, but did not say where they were coming from.
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