November 01, 2024 | Claire Jungman and Daniel Roth
Since the brutal October 7 attack by Iran-backed Hamas, the Biden Administration has noticeably ramped up sanctions on “Ghost Fleet” tankers. As of October 28, 2024, a total of 98 tankers were sanctioned during the preceding twelve months.
Some analysts have questioned whether this has significantly hampered Iran’s oil trade, noting that a significant proportion of sanctioned tankers continue to operate in sanctioned oil trade – approximately 70% remaining active.
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