US weighs lifting sanctions on Iran's 'shadow fleet' to address surging costs

US weighs lifting sanctions on Iran's 'shadow fleet' to address surging costs Submitted by MEE staff on Fri, 10/16/2026 - 17:23 Around 15 percent of the world's fleet is under US sanctions, amid soaring shipping costs Iranian soldiers take part in 'National Persian Gulf Day' in the Strait of Hormuz, on 30 April 2019 (Atta Kenare/AFP) Off The US is considering lifting sanctions on “shadow fleet” tankers tied to Russia and Iran to address soaring diesel prices ahead of midterm elections, according to multiple reports