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Sanctions Risk and Compliance Tankers and Gas

Ofac sanctions major ‘teapot’ refinery and Iran ‘shadow fleet’ tankers amid nuclear talks

  • The US so far is continuing its ‘maximum pressure’ campaign against Iran, despite talks being held over a new nuclear deal
  • US designates third Chinese ‘teapot’ refinery for buying Iranian oil, and five ‘shadow fleet’ tankers
  • The refinery, Shandong Shengxing Chemical, received over 28m barrels of Iranian oil since 2019 according to UANI, which said it wrote to the refinery two weeks ago warning that sanctions are likely coming its way

  • News

 While US-Iran talks are ongoing, Washington continued its pressure campaign on Iran, the ‘shadow fleet’, and Chinese purchasers of Iranian oil

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