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.


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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs