Economy
Shadow Fleet
An unofficial network of ships used by Iran to transport oil away from international oversight. It was targeted by new US sanctions.
Shadow fleet is a term referring to a network of commercial ships not transparently registered, used by Iran to transport oil and petroleum products while evading international sanctions. These ships rely on changing flags and disabling tracking systems to avoid oversight. In recent years, the United States has imposed sanctions on ships and entities linked to this fleet, as part of efforts to deprive Tehran of oil revenues.
Written by AI and not yet reviewed by an editor.