Jan. 23 (UPI) -- The U.S. Department of Treasury announced new sanctions on ships deemed to be part of Iran's "shadow fleet" of illegal oil ships.
Treasury's Office of Foreign Assets Control is targeting nine shadow fleet ships and their owners or management firms that have moved hundreds of millions of dollars' of Iranian oil and petroleum products to foreign markets, a press release said.
"This revenue, which rightfully belongs to the Iranian people, is instead diverted to fund its regional terrorist proxies, weapons programs, and security services, instead of the basic economic services the Iranian people have bravely demanded," the release said.
Iran has been embroiled in unrest as Iranians have protested the government due to a falling currency value and high prices.
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