Front companies, forged documents and vessel spoofing: US takes aim at Iranian oil
US authorities say companies in Iran are using forged shipping documents, vessel impersonation techniques and UAE-based front companies to circumvent sanctions and export oil. The US Department of Justice makes the allegations in a forfeiture claim filed in early February. It is attempting to seize 2 million barrels of oil currently aboard Achilleas, a Liberia-flagged tanker, that it says originates in Iran and is being sold to support the Islamic Revolutionary Guard Corps (IRGC), which it has designated as a terrorist organisation. “Profits from oil sales support the IRGC’s full range of...
Source: gtreview.com