Treasury Department targets Iranian revenue with new sanctions on shadow vessels

Published January 23, 2026 2:33pm ET



The Treasury Department on Friday expanded sanctions pressuring the Iranian regime, targeting a network of “shadow fleet” vessels and associated companies that have moved Iranian oil. 

The Treasury’s Office of Foreign Assets Control said in a news release that the plan to target the shadow fleet is retribution for the Iranian government’s treatment of peaceful protesters and for shutting off internet access to “conceal its abuses against the Iranian people.”

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