sanctions-intelligence
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Kharon · United States · OFAC targets an Iran LPG-smuggling and shadow-banking network across the UAE and China
Traces how China's teapot refiners and a shadow fleet of obscured tankers function as Iran's oil 'lifeline,' detailing ship-to-ship transfers, falsified paperwork and the UAE front-company layer that the LPG action also names.
“China buys roughly 90% of Iran's oil exports; a shadow fleet keeps the lifeline open.”