How a Small Business Got Entangled in U.S. Sanctions on Iranian Oil NYT - World By: Max Kim 7 October 2026 at 09:02 The case of a small Malaysian shipping agency illustrates the challenges Washington faces in its effort to stanch the flow of Iranian oil. © Ore Huiying for The New York TimesShahul Hamid Ahmad, the owner of Tefcas Marine, a small shipping agency that was hit with U.S. sanctions, standing in his empty office in Johor Bahru, Malaysia, in September.
How a Shadow Economy in Asia Is Keeping Iranian Oil Flowing NYT - World By: Max Kim 7 October 2026 at 09:02 Companies continue to service a “dark fleet” of Iranian tankers in waters off Malaysia in spite of Washington’s threat to target them. © Ore Huiying for The New York TimesA tanker used as floating storage in the heavily trafficked waters off the Malaysian state of Johor in September.
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