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Washington sanctions 17 oil tankers

Washington sanctions 17 oil tankers

The U.S. Treasury Department announced new sanctions targeting 17 Iranian oil and petrochemical product shipping vessels, as part of its efforts to reduce Iran's revenue from its oil exports. The sanctions include an attempt to disrupt Iran's "shadow fleet" used to transport oil outside authorized channels, with estimates indicating that Iran now has only about 20 million barrels of oil on ships outside the blockade. The measures also aim to increase economic pressure on Iran and restrict its ability to export oil, while continuing coordination with Gulf countries to facilitate shipping traffic through the Strait of Hormuz.

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