Iran's Ghost Fleet: Ship-to-Ship Transfers Keep Sanctioned Oil Flowing
🚢 SHADOW FLEET — Tehran's oil revenue survives every US sanction layer so far. 📌 LOOK CLOSER: Ship-to-ship transfers at sea let Iran launder crude through nameless vessels, breaking the paper trail Treasury sanctions require. With US secondary sanctions already pre-empting Hormuz transit fees, Iran's ghost fleet is the parallel revenue channel Washington hasn't closed. Every barrel moved funds IRGC reconstruction — the same capacity US strikes are trying to degrade.