Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
Powered by
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

Fuel oil smuggling network rakes in $1 billion for Iran and its proxies

admin
admin

admin

Full Bio

admin

Share

A vast fuel oil smuggling operation, illicit trade, international sanctions linked to Iran has funneled $1 billion into the coffers of Tehran and its proxies, highlighting the persistence of illicit trade despite international sanctions. The network reportedly spans several regions, utilizing a mix of shadowy shipping routes and concealed transactions to evade detection.

The operation, involving clandestine transfers of oil, forged documents, economic restrictions, demonstrates Iran’s ability to bypass economic restrictions aimed at curbing its influence. Analysts suggest the funds have bolstered not only the Iranian regime but also militant groups aligned with Tehran, intensifying geopolitical tensions in the Middle East. Authorities in multiple countries have launched investigations to trace the intricate web of actors involved.

This development underscores the challenges in enforcing sanctions, global demand, maritime regulations. Experts warn that efforts to dismantle such networks must address both the financial systems enabling these trades and the loopholes in international maritime regulations.

Subscribe to our Newsletter

Every week, we’ll send you the latest tips, tricks, reviews and advice on how to trade to a wealthier lifestyle

View more articles by

Related Articles

WTI crude oil prices edge above $69
WTI crude oil prices edge above $69.50 amid escalating trade tensions
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Bank of Japan members acknowledge inflation exceeds expectations, signaling continued vigilance
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
Tokyo's consumer inflation remains steady in March, surpassing Bank of Japan's target
WTI Crude Oil Price Inches Up Above $69
WTI Crude Oil Price Inches Up Above $69.50 Amid Venezuela Supply Disruptions
Tariff Concerns Weigh on EURUSD, Triggering Market Volatility
Tariff Concerns Weigh on EUR/USD, Triggering Market Volatility