December 01, 2024 | Claire Jungman and Charlie Brown
The incoming second Trump Administration has reignited interest in the "Maximum Pressure" campaign on Iran, signaling intentions to further limit the Iranian regime’s oil exports and its financial resources. While these actions aim to curb Iran’s destabilizing influence, the persistence and expansion of illicit networks—operating under the guise of the "Dark Fleet"—underscore the ongoing challenges to enforcement.
Despite a growing list of sanctions over the past year, these clandestine networks of traders and their aging tankers have persisted and grown in size and operational prominence. The increasing reliance on aging vessels, many of which would have otherwise been decommissioned, highlights a troubling trend. Observations in 2024 indicate a substantial rise in Ship-to-Ship (STS) transfer operations, often conducted under the radar of enforcement agencies.
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