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Source: https://www.nytimes.com/interactive/2024/02/16/world/middleeast/iran-oil-tankers-sanctions.html
The $2.8 Billion Hole in U.S. Sanctions on Iran
(New York Times) Christiaan Triebert - A New York Times investigation has found a significant gap in U.S. oversight of sanctions to restrict Iran's oil revenue and its ability to fund proxy militias. Oil worth billions of dollars was transported aboard 27 tankers using liability insurance obtained from an American company. U.S. authorities could have disrupted the oil's transport by advising the insurer, the New York-based American Club, to revoke the coverage. Many of the tankers ultimately ended up in China, which has tripled its imports of Iranian oil over the past two years.