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iranoil
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Politics · Middle EastUS Treasury sanctions Indian and Turkish firms aiding Iran's oil shipments
The U.S. Treasury announced sanctions on ten firms, eight in India and two in Turkey and Singapore, for helping Iran move oil. The package names Turkey‑based Fugo Ground Services and cites Operation Economic Outcast, a crackdown on a network that uses false flags and forged maritime certificates.
Middle East2 min readTrust 50 · Craft 62 · Hype 15
Politics · Middle EastHamid Bovard interim Oil Minister after Paknejad resignation
Iran's Oil Minister Mohsen Paknejad has resigned. Hamid Bovard, CEO of the National Iranian Oil Company, has been appointed interim Oil Minister. Some reports attribute long gas station queues to the Middle East war.
Middle East2 min readTrust 42 · Craft 57 · Hype 41
Business & Economy · Middle EastBessent: Iran's final oil shipments to China due in two weeks
Treasury Secretary Scott Bessent stated that Iran's remaining oil shipments to China, estimated at 15 million barrels, are expected to be delivered within two weeks. This forecast, part of Operation Economic Outcast, aims to choke off Iran's oil revenue.
Middle East3 min readTrust 68 · Craft 87 · Hype 30