The United States warned Monday that it would punish any country that deals with Iran's top shipping company, accusing it of contributing to Tehran's contested weapons programs.
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All tagged IRISL
◢ US Secretary of State Mike Pompeo said Wednesday he hoped for further dialogue with Iran to free prisoners but announced new sanctions as he vowed no let-up in pressure. In the latest measures, the Treasury Department slapped sanctions new sanctions on shipping line IRISL and airline Mahan.
◢ The United States on Wednesday warned all ports and insurance companies to steer clear of Iranian ships, which it called a "floating liability" after the imposition of sweeping US sanctions. Since Monday, the United States has aimed to end all of Iran's sales of oil, its crucial export, in a bid to curtail the influence of the Shiite cleric-led state.
◢ The world's third largest shipping container group, the French-owned CMA CGM, has decided to withdraw from Iran over the threat of US sanctions, its chief executive said Saturday. "Because of the Trump administration, we have decided to end our service to Iran," Rodolphe Saade told an economic conference in Aix-en-Provence in southern France.
