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U.S. Eyes Sanctions Against Global Network Shipping Iranian Oil
(Wall Street Journal) Ian Talley - The U.S. is considering sanctions that would target a UAE-based businessman and a network of companies suspected of helping export Iran's oil. The firms and individuals under scrutiny have been using ship-to-ship transfers of oil in waters that lie between Iraq and Iran and then forging documents to hide the origin of the cargo. By passing off the oil as Iraqi, those involved can avoid Western sanctions targeting Iranian oil. Robert Greenway, former senior director for Middle East policy at the National Security Council, said Iran's sanctions-evading operations through Iraq represented up to 25% of Tehran's exports in 2020.