Tuesday , 16 July 2024

U.S. Targets Iran-Linked Oil, Petrochemical Shippers In Latest Sanctions

RFL/RE – The United States said it was imposing sanctions on a number of Iranian-linked oil shippers and petrochemical firms, accusing them of violating U.S. restrictions. The moves, announced on March 2, were the latest effort by Washington to curtail Iranian oil smuggling. In a statement, U.S. Secretary of State Antony Blinken said the sanctions targeted 11 firms and 20 affiliated shipping vessels that had facilitated Iran’s petroleum and petrochemical trade. Iran’s mission to the United Nations, meanwhile, accused the White House of “basically repeating the failed maximum pressure policy of the former U.S. government,” referring to ex-President Donald Trump’s administration. To read the original story by Reuters, click here.