The US government has issued a new warning to the shipping industry to not violate the recently reintroduced sanctions by, for example, sailing Iranian oil to Syria. At the same time, the US also introduces new sanctions against nine Iranian targets.
More than 200 individuals and ships in the Iranian shipping and energy sector, including the two major state-owned carriers, are included on the US sanction list. The US warns the global shipping industry against Iranian attempts to evade the sanctions.
The US sanctions against Iran will come into force Monday. Many European crude tankers have pulled out of the market, but the sanctions have not stopped the Iranian oil from reaching the market, shows a new analysis from Danish Shipping.
Ships carrying more than 20 million barrels of oil from Iran are headed for China in the coming weeks, and the oil will perhaps be sold to Chinese customers before the sanctions against Iran come into force, reports Reuters.
Mohammad Saeidi is the personification of Iranian shipping. Right now he has one, perhaps slim, hope left before the country is hit by renewed sanctions less than a month from now. Western shipping companies are leaving the country, and the question now is whether this will change.
Iran's state-owned container carrier has entered a collaboration with Chinese company to operate the carrier's for new container ships, reports Alphaliner. The new joint venture is announced shortly before US sanctions against Iran take effect.
With just six weeks left before US sanctions hit Iran, the country's oil tankers are starting to disappear from global satellite tracking systems, which makes it harder to keep track of Iran's oil sales.
A new deal between leading EU countries together with China and Russia will make it possible for companies to continue trading with Iran. However, the extent to which countries dare defy the US remains an open question.
China is expected to take over from France's Total SA to develop Iran's share of the world's biggest gas deposit. The French oil major has halted operations after US President Donald Trump reimposed sanctions on Iran.