Europe’s sanction move on Iran is a serious threat to tanker markets
The United Kingdom, France, and Germany have initiated a 30-day process to re-implement United Nations sanctions against Iran. This action, includes restrictions on oil exports, financial transactions, and maritime transport. These sanctions were originally suspended under the 2015 nuclear deal, and their re-implementation is a response to Iran’s increased uranium enrichment activities. This move is […]
Trump Warns India of Additional Sanctions for Buying Russian Oil
According to Times of India data, India sources about 35% of its crude oil from Russia, reaching its highest import level in the past two years in June. The U.S. has sanctioned Russian oil producers and tankers due to the war in Ukraine. U.S. President Donald Trump announced on his Truth Social platform on Wednesday […]
Report: Japanese firm imports Russian oil via sanctioned tanker
According to Bloomberg report, which is backed by the vessel tracking data a Japanese oil refinery, Taiyo Oil Co., imported Russian crude aboard a tanker subject to U.S. and EU sanctions. The refinery received 600,000 barrels of Sakhalin Blend crude that had been transported by the tanker Voyager. The ship loaded the oil on May […]
Mitsui OSK Seeks Japan’s Help as EU Sanctions LNG Tankers
Mitsui OSK Lines Ltd. is seeking help from the Japanese government after a surprise decision by the European Union to sanction three of its liquefied natural gas tankers linked to a Russian project. As Bloomberg reports, “We are not at all happy about this, so we are now lobbying the EU through various channels, including […]
UK Sanctions Azerbaijan State-Owned Tanker for Shipping Russian Oil
The sanctions on Azerbaijani companies and individuals come as the country is deepening energy ties with the European Union. A tanker sanctioned by the U.K. for shipping oil on behalf of Russia is owned by the government of Azerbaijan, corporate documents show. Targeting a state-owned tanker was a warning to Azerbaijan at a time when […]
U.S. puts off sanctions on Serbia’s NIS until June 27
The U.S. Treasury Department has postponed enforcement of sanctions against Serbia’s Russian-controlled sole oil refiner NIS by two months, until June 27, NIS said. “NIS is grateful to the Government of the Republic of Serbia and all other domestic and foreign institutions that supported the request sent to the U.S. Treasury Department,” the company said […]
US targets Iranian oil network
The US announced that it has placed some companies that purchase, process and transport Iranian oil on the sanctions list. According to the US Treasury Department, a China-based ‘teapot’ oil refinery that buys and processes hundreds of billions of dollars worth of crude oil from Iran and its top executive have been added to the […]
Trump announces tariffs on countries buying oil and gas from Venezuela
US President Donald Trump announced that a 25 per cent tariff will be imposed on countries buying oil or gas from Venezuela from 2 April. In his post on the Truth Social social media account, Trump claimed that Venezuela has deliberately and fraudulently sent tens of thousands of criminals to the United States secretly. Stating […]
Canada sanctions 76 individuals and organisations linked to Russia
Canada has expanded sanctions against Russia. In a statement made by the Canadian Prime Minister’s Office, it was stated that 76 individuals and organisations, including senior Russian government officials and oligarchs, who provide support to the Russian defence industry, who are involved in the forced transfer of Ukrainian children to Russia, were included in the […]
US imposes new sanctions on Iran’s shadow fleet
The US administration imposed sanctions on more than 30 individuals and vessels in various countries for intermediating in the sale and transport of Iranian oil-related products. In a statement made by the US Treasury Department, it was reported that additional sanctions were imposed on Iran’s shadow fleet as part of the ‘maximum pressure campaign’. It […]