💨 Abstract

The U.S. imposed sanctions on Iran's Oil Minister Mohsen Paknejad and several Hong Kong-flagged vessels involved in disguising Iranian oil shipments. The move is part of President Trump's "maximum pressure" policy to reduce Iran's oil exports, prevent nuclear proliferation, and curb militant funding. The designated vessels include Peace Hill, Polaris 1, Fallon Shipping Company Ltd, and Itaugua Services Inc.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖