United States Slaps Financial Sanctions on Covert Iran Oil Shipping Network

Reuters reported that a Greek businessman has been given financial sanctions for secretly operating a shipping network on behalf of the National Iranian Tanker Company.

As quoted in the market news:

The U.S. sanctions cited Dimitris Cambis and a number of front companies for buying tankers on behalf of the National Iranian Tanker Company, barring U.S. citizens from doing business with them and freezing any of their assets under U.S. jurisdiction.

Click here to read the full Reuters report.