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
Iranian President Masoud Pezeshkian said he believes Iran can resolve its differences with the United States through dialogue, but trust would be an issue after U.S. and Israeli attacks on his country, according to an interview released on Monday.
Two crew members of a Greek-managed vessel were wounded and two were missing in a drone attack off Yemen on Monday, hours after Iran-aligned Houthi militants claimed an assault on a bulk carrier in the Red Sea, saying the ship had sunk.
The Israeli military said it attacked Houthi targets in the ports of Hodeidah, Ras Isa and Salif, and Ras Qantib power plant in Yemen on Monday.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.