U.S. Treasury Sanctions International Network Shipping Iranian Oil to China

The new sanctions target multiple entities across China, India, and the UAE, as well as four vessels: SIRI (formerly ANTHEA), OXIS, CH BILLION, and STAR FOREST.

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has unveiled new sanctions targeting an international network facilitating the shipment of Iranian crude oil worth hundreds of millions of dollars to China.

At the center of the scheme is the sanctioned vessel SIRI (formerly ANTHEA), currently operating off Singapore’s coast carrying millions of barrels of Iranian crude oil. The vessel, under the command of Iranian national Arash Lavian, has been actively concealing its identity by operating under the name NEW PRIM…