Iran's Shadow Trade Exposes Flaws in US Sanctions Strategy A recent development has gone largely unnoticed as the world watches the ongoing standoff between the United States and Iran.
During a brief window when US sanctions were eased, Tehran shipped $6 billion worth of oil to China through its shadow fleet.
The operation was vast in scale: 20 Iranian tankers converged on Malaysia's eastern waters in late June, carrying millions of barrels of oil each.