Iran’s capacity to move oil reliant on Malaysian providers, US official says
The United States is concerned about Iran’s oil being moved with the help of service providers based in Malaysia, particularly near Singapore. Treasury official Brian Nelson visited Singapore and Malaysia to counter Iran’s financing and revenue generation efforts in Southeast Asia. Treasury imposed sanctions on Malaysia-based companies supporting Iran’s drone production. Nelson also mentioned progress in sanctions against Russia, affecting Moscow’s oil sales and global energy markets. Shipping hub Singapore faces challenges in verifying compliance with the Russian oil price cap.