Satellites Capture Iran’s Suspected ‘Shadow Fleet’ in Action
Summary
New satellite images show oil transfers between ships in the South China Sea, which may involve Iran's "shadow fleet" supplying oil to China. The U.S. has imposed new sanctions targeting Iran's covert oil trade, affecting several companies and ships. Iran continues to sell oil, often working around U.S. sanctions.Key Facts
- Satellite images indicate ship-to-ship oil transfers by Iran's shadow fleet in the South China Sea.
- These operations are about 70 kilometers off Malaysia’s eastern coast near Johor.
- The U.S. recently imposed new sanctions on companies and ships aiding Iran's oil trade.
- The sanctions target a network that includes vessels, a China-based oil terminal, and a refinery.
- Iran continues to sell oil at discounts to China, with transactions involving shadow fleet vessels.
- U.S. Treasury reports these vessels use tactics to hide the origin of Iranian oil shipments.
- Malaysia faces challenges in monitoring sanctioned Iranian oil transshipments due to limited resources.
- Despite sanctions, Iran is expected to keep finding ways to sell its oil, though buyers may become more cautious.
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