The United States on Thursday imposed new Iran-related counterterrorism sanctions against Oceanlink Maritime DMCC and its vessels, citing its role in shipping commodities on behalf of the Iranian military.
The United Arab Emirates-based Oceanlink operates a fleet of more than a dozen vessels deeply involved in shipping Iranian commodities © Mena Today
The United States on Thursday imposed new Iran-related counterterrorism sanctions against Oceanlink Maritime DMCC and its vessels, citing its role in shipping commodities on behalf of the Iranian military.
WHY IT IS IMPORTANT
The United States is using financial sanctions to isolate Iran and disrupt its ability to fund its proxy groups and support Russia's war in Ukraine, the Treasury Department said.
The United Arab Emirates-based Oceanlink operates a fleet of more than a dozen vessels deeply involved in shipping Iranian commodities, Treasury said.
BY THE NUMBERS
The U.S. Treasury Department said the Oceanlink Maritime DMCC-managed vessel HECATE recently loaded Iranian commodities valued at over $100 million dollars via a ship-to-ship transfer from another sanctioned tanker.
CONTEXT
A series of U.S. and Western sanctions have targeted Iran's "destabilizing activities in the region and around the world," Treasury said in a statement. Iran has a network of proxies in the Middle East including in Lebanon, Syria, Iraq and Yemen.
Reporting by Doina Chiacu
Israeli and Lebanese officials are expected to meet in Washington next week as U.S. President Donald Trump seeks to calm weeks of Israeli fighting with Iran-backed Hezbollah that has threatened to derail a fragile U.S.-Iran ceasefire.
Vice President JD Vance said on Friday he was looking forward to having positive negotiations with Iran as he left for talks in Pakistan with a warning to Tehran not to "play us."
There is an unwritten rule in any self-respecting chancellery: before commenting on a complex military operation in a region you do not understand, make sure you know what you are talking about. Jean-Noël Barrot, France's Foreign Minister, appears never to have heard of it.
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