The United States has issued a new round of sanctions against Iran, seeking to disrupt oil exports by going after a global network of companies owned by a single Greek shipper.
In a statement published by the US Treasury Department on Thursday, the government announced sanctions on companies and vessels owned by Antonios Margaritis. The sanctions follow several other rounds aimed at making it more difficult for Tehran to sell oil abroad.
“Margaritis has leveraged his decades of experience in the shipping industry to illicitly facilitate the transportation and sale of Iranian petroleum,” the statement notes. “Several other vessels and operators are also being designated today for their role facilitating Iranian oil exports, which generates revenue that contributes to Iran’s advanced w