Iran is doing everything it can to assist its ally Syria while avoiding tighter sanctions on its oil sector, according to a Wall Street Journal report.
Tehran, in a bit of cat-and-mouse game, is switching ownership of its tankers among shell companies in offshore tax havens and flagging and reflagging its vessels in countries such as as Togo and Honduras, the report said.
When it comes to disguising trade with Syria, the strategy is especially complex, the report said. The reason? Iran’s relationship with Damascus is itself the object of a separate sanctions regime imposed by Washington and Brussels.