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US imposes more sanctions on Iranian oil trade after Trump calls to drive exports ‘to zero’

  • The Trump administration announced new sanctions targeting Iran's shadow fleet of oil tankers, aiming to reduce Iran's crude oil exports to zero.
  • Sanctions have been placed on over 30 individuals and vessels across multiple countries, including Iran and the UAE, for their roles in transporting Iranian oil.
  • Iran relies on a shadowy network to facilitate oil sales and to fund destabilizing activities.
  • The U.S. Aims to significantly target all aspects of Iran's oil supply chain amidst heightened tensions with the nation.
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  • 35% of the sources lean Left, 35% of the sources lean Right
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The Globe & Mail broke the news in Canada on Monday, February 24, 2025.
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