Shipment records, satellite imagery and intelligence analysis showed the sanctioned tanker Reef carried about 113,000 barrels from Iran to Myanmar in December 2025. A $15.8 million contract instead described a South African diesel trade that UN and Vortexa data did not support.
A Myanmar regulator’s letter said the cargo would be documented as diesel rather than jet fuel. Named companies, government bodies and banks either did not respond or said their transactions complied with applicable rules; Reuters could not determine whether the Thai bank knew the nature of the business.
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