Iranian Oil Prices to China Hit New Multi-year Highs as Sanctions Hit Shipping
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said.
View ArticleU.S. Treasury Targets Iran’s Shadow Fleet with New Sanctions
The United States Department of the Treasury has announced new sanctions targeting four entities and three vessels involved in Iran’s petroleum and petrochemical trade, part of ongoing efforts to...
View ArticleIran’s Oil Exports Soar to 587M Barrels, Led by China’s Thirst
Despite tightening Western sanctions, Iran’s oil exports reached 587 million barrels in 2024, marking a significant 10.75% increase from the previous year, with China emerging as the dominant buyer,...
View ArticleChina Foreign Ministry Not Aware of Shandong Port Group Ban on Sanctioned Ships
China's foreign ministry said on Wednesday it was not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbors.
View ArticleShipping in the Crosshairs: What Trump’s Return Could Mean for Iran and...
As the incoming Trump administration sets the stage for its foreign policy agenda, the maritime industry is bracing for the potential ripple effects of renewed U.S.-Iran tensions. President-elect...
View ArticleTrump Reimposes ‘Maximum Pressure’ Campaign to Choke Off Iran’s Oil Exports
U.S. President Donald Trump on Tuesday plans to restore his "maximum pressure" campaign on Iran in an effort to stop Tehran from obtaining a nuclear weapon and drive its oil exports down to zero, a...
View ArticleU.S. Treasury Sanctions International Network Shipping Iranian Oil to China
The new sanctions target multiple entities across China, India, and the UAE, as well as four vessels: SIRI (formerly ANTHEA), OXIS, CH BILLION, and STAR FOREST.
View ArticleUANI Launches Initiative to Target Ship Captains in Iran’s Ghost Armada Oil...
United Against Nuclear Iran (UANI) has launched a new tracking initiative targeting ship captains and officers involved in Iran’s illicit oil trade. The “Masters of the Ghost Armada” resource aims...
View ArticleNew Flag States Raise Sanctions Evasion Concerns
The International Chamber of Shipping (ICS) has raised significant concerns about emerging flag states potentially being used to circumvent international sanctions, according to its latest Flag State...
View ArticleU.S. Treasury Cracks Down on Iran’s Shadow Fleet with 13 Additional Ships...
The U.S. Department of Treasury announced today a major expansion of sanctions targeting Iran’s maritime oil transportation network, marking an aggressive move to disrupt the flow of Iranian petroleum...
View ArticleU.S. Treasury Targets Iran’s ‘Shadow Fleet’ in Latest Round of Oil Sanctions
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a new round of sanctions targeting Iran’s petroleum sector, including the designation of Iran’s Minister of...
View ArticleU.S. Treasury Sanctions Chinese ‘Teapot’ Refinery and Shadow Fleet in Major...
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has launched a sweeping enforcement action targeting a Chinese “teapot” refinery and multiple shipping companies involved...
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