US expands sanctions on Iran’s petroleum and petrochemical sectors

The U.S. Department of the Treasury has announced sanctions on Iran’s petroleum and petrochemical sectors for Iran’s October 1 attack on Israel.

“Sanctions target Iranian efforts to channel revenues from its energy industry to finance deadly and disruptive activity—including development of its nuclear program, the proliferation of ballistic missiles and unmanned aerial vehicles, and support to regional terrorist proxies—with dangerous consequences for the region and the world. We will not hesitate to take further action to hold Iran accountable,” said Secretary of the Treasury Janet L. Yellen.

As a result, the United States has sanctioned Max Maritime Solutions FZE, based in the United Arab Emirates, for transferring Iranian oil. The vessels BENDIGO (IMO: 9289491) and CARNATIC (IMO 9304655) were also sanctioned, as well as SALVIA (IMO 9297319).

Additionally, the US imposed sanctions on several other companies, including Suriname-based Strong Roots Provider NV, Glazing Future Management NV, Engen Management NV (all based in Suriname), Gabbaro Ship Services PVT Ltd (India), Alya Marine Sendirian Berhad (Malaysia), and Celia Armas Ltd (Hong Kong). These companies were all sanctioned for involvement in the illicit transfer of Iranian petroleum.

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