Sanctions on Iran’s Oil Minister and Shadow Fleet to Exert Maximum Pressure

Excerpt:  “The Department of State is sanctioning three entities and identifying three vessels as blocked property today to stop the flow of revenue the Iranian regime uses to finance its destabilizing activities.  These entities provide services to the ghost fleet vessels conducting ship-to-ship (STS) transfer operations outside port limits in Southeast Asia, and enabling Iran’s attempts to disguise its illicit oil trade. The Department of the Treasury is concurrently designating Iran’s Minister of Petroleum Mohsen Paknejad and several entities transporting Iranian oil to China, and will identify their vessels as blocked property.  The Iranian regime and its military are stealing the nation’s oil wealth with the help of Mohsen Paknejad, the head of Iran’s Oil Ministry.”