US issues sanctions against Greek shipper of Iranian oil

Sanctions are the latest aimed astatine penalising Tehran’s vigor assemblage pursuing a Washington-brokered ceasefire.

The United States has issued a new round of sanctions against Iran, seeking to disrupt lipid exports by going aft a planetary web of companies owned by a azygous Greek shipper.

In a connection published by the US Treasury Department connected Thursday, the authorities announced sanctions connected companies and vessels owned by Antonios Margaritis. The sanctions travel several different rounds aimed astatine making it much hard for Tehran to merchantability lipid abroad.

“Margaritis has leveraged his decades of acquisition successful the shipping manufacture to illicitly facilitate the proscription and merchantability of Iranian petroleum,” the connection notes. “Several different vessels and operators are besides being designated contiguous for their relation facilitating Iranian lipid exports, which generates gross that contributes to Iran’s precocious weapons programs.”

Nine companies based successful Greece, Hong Kong, the Marshall Islands and the United Arab Emirates were sanctioned, on with 12 vessels – immoderate of which transportation flags of convenience from different nations.

Among those sanctioned was the Marshall Islands-based Changbai Glory Shipping Limited, the proprietor of a Liberian-flagged vessel that since March 2025 unsocial has transported much than 4 cardinal barrels of Iranian lipid to China.

China is the apical planetary purchaser of Iran’s oil. The US has sought to penalise Iran’s vigor assemblage since a Washington-backed ceasefire between Israel and Iran came into effect successful June.