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US warns shipping against storing Iranian oil

Before long, the Trump administration will issue a warning to shippers, ports and insurers against storing Iranian oil and thus circumventing US sanctions, Reuters writes.

Photo: JONATHAN ERNST/REUTERS / X90178

Let there be no doubt. The Trump administration will not tolerate violations of its sanctions against Iran, and before long, the country will issue warnings to shippers, port authorities and insurance companies, Reuters writes.

"We will target and designate anybody that stores Iranian oil, petrochemicals or refined petroleum in violation of U.S. sanctions, no matter where they are," says David Peymen, deputy assistant secretary for counter threat finance and sanctions, according to the news agency.

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