U.S. Targets Iran Shipping Network With New Sanctions

The U.S. Treasury Department on Thursday unveiled a fresh round of sanctions targeting a network of shipping companies, tanker operators, and commercial facilitators allegedly involved in Iranian petroleum and petrochemical trades, underscoring Washington’s continued effort to tighten pressure on Tehran’s maritime export system.

The measures, announced by the Treasury Department’s Office of Foreign Assets Control (OFAC), added multiple shipping firms, vessels, and trading companies across Hong Kong, the UAE, India, Qatar, Singapore, China, Liberia, and the Marshall Islands to the Specially Designated Nationals (SDN) list.

Among the newly sanctioned maritime entities were Dubai-based Symphony Shipping and Maritime Management, Hong Kong-based Agility