US Treasury intensifies sanctions on Chinese firms and shadow fleet vessels tied to Iranian oil trade, aiming to disrupt financial support for Iran’s military and terrorist proxies

These vessels are involved in transporting Iranian crude oil through ship-to-ship transfers, ultimately providing financial support to Iran’s military including the Islamic Revolutionary Guard Corps (IRGC), and fueling the regime’s proxy operations across the Middle East. The tightening of sanctions aims to disrupt the network sustaining Iran’s petroleum industry, which is a vital source of revenue for its destabilizing activities…