Part 6/15:
The Biden administration is reviving a hardline strategy against Iran’s economy by reinstating what is known as "maximum pressure" sanctions. This move, a continuation of policies from the Trump era, targets Iran’s shadow oil trade infrastructure. The State Department announced sanctions against 16 entities and vessels involved in illicit shipping networks designed to circumvent existing restrictions. The Treasury Department’s Office of Foreign Assets Control (OFAC) added another 22 individuals and designated 13 vessels as blocked properties due to their roles in Iran’s oil industry.