US to Warn Shipping Industry Against Storing Iranian Oil

March 9, 2020

© Vladimir / Adobe Stock
© Vladimir / Adobe Stock

The Trump administration will soon issue an advisory warning ports, tankers and shipping industry players against storing Iranian oil in violation of U.S. sanctions, a State Department official said on Monday.

David Peyman, the deputy assistant secretary of state for counter threat finance and sanctions, said the United States will also encourage ship captains and others to take photos of anyone conducting ship-to-ship transfers in case those transfers involve sanctioned oil. The Trump administration is seeking to increase pressure on Iran's oil exports, but China continues to purchase some of the crude.


(Reporting by Timothy Gardner and Daphne Psaledakis Editing by Chizu Nomiyama)

Logistics News

Zululand Energy Terminal Signs HaA with ExxonMobil to Advance LNG Import Project

Zululand Energy Terminal Signs HaA with ExxonMobil to Advance LNG Import Project

Furetank VINGA Series Tanker to be Named

Furetank VINGA Series Tanker to be Named

Northern Grain Belt Ports Initiative Established

Northern Grain Belt Ports Initiative Established

Container Imports Soar at Port of Los Angeles

Container Imports Soar at Port of Los Angeles

Subscribe for Maritime Logistics Professional E‑News

CNBC reports that JetBlue will reduce its Newark and LaGuardia services.
While Trump praises Gulf oil flow, Iran's Fleet is also gearing up for increased exports
Sources say that Russia will import gasoline via sea due to a shortage.