Tag: oil_shipments
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US Treasury Sanctions Iran's Strait of Hormuz Extortion Network and Shadow Fleet
The U.S. Treasury has sanctioned two Iranian firms for an IRGC-backed maritime insurance extortion scheme in the Strait of Hormuz and several vessels in Iran's "shadow fleet," aiming to disrupt funding for the regime's illicit activities.
Politics and GovernmentBusinessWorldFederal GovernmentEconomyFinancial MarketsTradeMiddle EastAsia IranU.S. TreasurySanctionsStrait of HormuzIRGCMaritime InsuranceOil ShipmentsUS Treasury