Updated

The US Treasury sanctioned 17 vessels and their owners under Operation Economic Outcast, which officials said effectively neutralizes most of Iran's remaining oil 'shadow fleet.' Separate investigations found China's independent refiners shifting to Iraqi crude as Iranian supplies dwindle under the US blockade, and Iran's sanctioned Bank Parsian allegedly moving millions of dollars abroad through intermediary networks. Together, the reports illustrate the widening reach of US sanctions enforcement against Iran's oil exports and financial workarounds, and Tehran's search for alternative routes to sustain trade despite mounting pressure.