Oil
Trump's first Iran sanctions affect three ships trading with China
President Donald Trump's first package of sanctions, targeting a handful of ships carrying Iranian oil, fell short of the "maximum pressure" campaign the US administration had promised, according to shippers and analysts.
2/7/2025
The move, which was announced on Thursday (7 February 2025), concerned a very large crude oil freighter and two Aframaxes (tankers with a carrying capacity of between 80,000 and 119,000 tdw, note) which, according to the US Treasury Department, helped to transport Iranian oil to China.The US sanctions also targeted several organisations and…
