U.S. Sanctions Iran's 'Ghost Fleet' Over Oil Revenues Used for Repression

Overview

• The Treasury designated nine vessels along with their owners and management companies for transporting Iranian oil worth hundreds of millions of dollars to overseas markets.
• U.S. officials say proceeds from those shipments are diverted to regional terrorist groups, weapons programs and Iran's security services.
• Treasury Secretary Scott Bessent said the action targets a crucial source of resources used to suppress Iranians.
• A U.S.-based human rights group reported more than 5,000 deaths tied to the late-December protest crackdown, while an unprecedented two‑week internet blackout hindered independent monitoring.
• By identifying companies based in third countries, the sanctions highlight potential compliance challenges and diplomatic repercussions for global shipping and trade partners.