U.S. Imposes New Sanctions On Iran's Shadow Fleet

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The United States has imposed sanctions on more than 30 people and vessels for selling and transporting Iranian petroleum-related products as part of the country’s"shadow fleet," the Treasury Department has announced. The latest sanctions target tanker operators and managers in India and China; oil brokers in the United Arab Emirates (UAE) and Hong Kong and the head of Iran's National Iranian Oil Company. Two weeks ago, President Donald Trump’s first sanctions against Iran targeted 3 vessels carrying Iranian crude to China. The sanctions…