2 weeks Ago By [email protected] (MENAFN)
The United States has escalated its economic pressure on Iran by imposing sanctions on Iranian Oil Minister Mohsen Paknejad and a Network of vessels, commonly referred to as the“shadow fleet,” accused of facilitating Tehran's evasion of existing sanctions. This move is part of President Donald Trump's“maximum pressure” campaign aimed at curtailing Iran's oil exports and hindering its alleged nuclear ambitions. The U.
S. Treasury Department's Office of Foreign Assets Control announced the sanctions, highlighting Paknejad's role in overseeing the export of oil valued at tens of billions of dollars, with significant portions allocated to Iran's armed forces. Treasury Secretary Scott Bessent emphasized that the Iranian regime exploits its oil wealth for its own interests rather than for the benefit of its people.
The sanctions also target a fleet of vessels accused of disguising Iranian oil shipments. Among them are the Hong Kong-flagged Peace Hill and the Iran-flagged Polaris 1, as well as others registered in Seychelles and Liberia. These ships are allegedly part of a sophisticated network designed to circumvent international sanctions by obscuring the origin of Iranian oil.
The concept of a“shadow fleet” refers to a collection of aging tankers that operate under various flags and ownership structures to evade detection. These vessels often engage in deceptive practices such as turning off their Automatic Identification Systems , conducting ship-to-ship transfers in international waters, and falsifying documentation to mask the origin of their cargo. Such tactics have been employed to maintain the flow of Iranian oil to international markets despite stringent sanctions.
The U.S. administration's strategy includes not only sanctioning individuals and entities directly involved in Iran's oil exports but also those facilitating these clandestine operations.
By targeting the maritime infrastructure that supports Iran's oil trade, the U.S. aims to disrupt the financial networks that fund Iran's nuclear program and its support for militant groups.
In addition to these measures, the U.S. is considering more aggressive tactics to impede Iran's oil exports.
One proposal under review involves stopping and inspecting Iranian oil tankers at sea. This approach aims to delay crude deliveries and create uncertainty in the supply chains that are vital for Iran's revenue. Such actions would further tighten the economic noose around Tehran, limiting its ability to generate income from oil sales.
The U.S. State Department has also announced a comprehensive review of all sanctions waivers that provide Iran with economic relief.
This includes scrutinizing waivers that allow countries like Iraq to pay Iran for electricity, as well as those permitting other nations to import Iranian oil. The objective is to close any loopholes that might enable Iran to sustain its economy despite the sanctions. Iran has sharply criticized the U.
S. for its“hypocrisy” following the new sanctions on its oil minister, further straining U.S.
-Iran relations. The Iranian government argues that these measures are part of a broader strategy to destabilize the country and undermine its sovereignty. The international community remains divided over the U.
S.'s approach. While some allies support the hardline stance against Iran's nuclear program and regional activities, others express concern that escalating sanctions could lead to increased tensions in the Middle East.
There are fears that such measures might provoke retaliatory actions from Iran, potentially disrupting global oil markets and leading to broader geopolitical instability. The effectiveness of the“maximum pressure” campaign is a subject of ongoing debate. Proponents argue that the economic strain forces Iran to reconsider its nuclear ambitions and regional policies.
Critics, however, contend that the sanctions disproportionately affect ordinary Iranians and may strengthen hardline factions within the country, reducing the prospects for diplomatic engagement. As the U.S.
continues to tighten its sanctions regime, the resilience of Iran's strategies to circumvent these measures will be tested. The international community will closely monitor the situation to assess the impact on global oil markets, regional stability, and the broader geopolitical landscape. MENAFN15032025000152002308ID1109317155 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind.
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