US weighs lifting sanctions on Iran's 'shadow fleet' to address surging costs
The US is considering lifting sanctions on “shadow fleet” tankers tied to Russia and Iran to address soaring diesel prices ahead of midterm elections, according to multiple reports and a senior US official. US Energy Secretary Chris Wright said in a video address to an energy forum in Riyadh this week that the Trump administration was discussing easing sanctions on shadow fleet vessels to address record freight rates that have driven up costs of shipping American energy abroad, Energy Aspects, a
- ·US Energy Secretary Chris Wright(US Energy Secretary)Said the Trump administration was discussing easing sanctions on shadow fleet tankers to address record freight rates.
- ·Trump administration(US executive branch)Considering lifting sanctions on blacklisted vessels, possibly allowing sale to non-sanctioned operators or legal oil flows.
- ·Iran(Subject of US sanctions and operator of a shadow fleet)Its tanker fleet expanded after the 2018 US withdrawal from the JCPOA; the reported policy shift would affect vessels tied to Iranian oil exports.

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