Summary
The United States has placed new sanctions on companies and ships involved in transporting Iranian oil. These sanctions target a network of companies connected to a Greek shipper named Antonios Margaritis. The goal is to make it more difficult for Iran to sell its oil internationally.
Key Facts
- The US issued new sanctions aimed at stopping Iranian oil exports.
- The sanctions target a network of companies linked to Antonios Margaritis, a Greek shipper.
- The US Treasury Department announced the sanctions on Thursday.
- Nine companies based in several countries, including Greece and Hong Kong, are affected.
- Twelve ships involved in transporting Iranian oil are also included in the sanctions.
- One sanctioned company from the Marshall Islands has transported over four million barrels of Iranian oil to China.
- China is the largest buyer of Iranian oil.
- The US has been targeting Iran's energy sector since a ceasefire between Israel and Iran in June.
