Tag: Treasury Department
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The Ripple Effect: U.S. Sanctions on Iranian Oil Network Shake Global Markets
U.S. Treasury Sanctions on Iranian Oil Network: Global Implications U.S. Treasury Sanctions on Iranian Oil Network: Global Implications The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on an international network facilitating the shipment of Iranian crude oil worth hundreds of millions of dollars to China. These sanctions, aligned…
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“Navigating Sanctions: The Surge and Impact of Ship-to-Ship Oil Transfers on Global Markets”
The Impact of Ship-to-Ship Transfers on Global Oil Markets Overview of Ship-to-Ship Transfers Ship-to-ship (STS) transfers involve the direct transfer of oil from one tanker to another at sea, a practice crucial for maintaining continuous operations in remote or hostile environments. This method’s efficiency and flexibility are vital in the dynamic global oil market, especially…