Iran sanctions: US to issue advisories to ports

US to issue advisories to ports against storing Iranian oil: Official

The International Maritime Organization requires vessels to use transponders for safety and transparency

The Trump administration will soon issue advisories warning shippers, port officials and insurance companies against the practice of storing Iranian oil and avoiding US sanctions on Iran, a senior State Department official said on Monday.

“We will target and designate anybody that stores Iranian oil, petrochemicals or refined petroleum in violation of US sanctions, no matter where they are,” said David Peyman, the deputy assistant secretary of state for counter threat finance and sanctions.

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Source: https://www.business-standard.com

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