Taking Iran Off the Oil Market
The US Department of State recently announced new sanctions against certain commercial entities for aiding Iran’s global illicit oil sales.
Sanctions target a crude oil and petroleum products storage terminal in the port of Huizhou in China for allegedly receiving nearly one million barrels of Iranian crude oil.
The sanctions come as the State Department leads a fierce international fight to prevent Iran’s circumvention of US sanctions on Iran’s oil sector.
Does Texas have a constitutional right to defy Supreme Court on protecting its border?
Iran has been reportedly funneling funds from its oil sales towards developing nuclear weapons and financing terrorist groups throughout the world.
Prior to the latest sanctions, the US government sanctioned sundry entities allegedly forming part of a covert network of foreign tankers transporting and selling Iranian oil.
Referred to as Iran’s ‘Ghost Fleet,’ the network reportedly includes hundreds of vessels from different countries.
The United Against Nuclear Iran (UANI) organization has listed Ghost Fleet tankers as sporting flags from Panama, Vietnam, Russia, Bahamas, and others.
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The Snakebite is written by Grayson Bakich and Javier Manjarres
