United States Will Bring Maximum Pressure on Iran
Under President Trump’s maximum pressure campaign on Iran, the United States is presently undertaking various measures to effectively curtail the regime’s financial resources that fuel their destabilizing activities. In line with this objective, the Department of State has taken the initiative to impose sanctions on eight entities that are known to be involved in Iranian petroleum and petrochemical trade.
As part of these efforts, the United States government has identified eight vessels as blocked property, effectively limiting their movement and restricting their access to international markets. These vessels are believed to have been instrumental in Iran’s illicit trade practices, further exacerbating the regime’s ability to fund activities that contribute to regional instability.
These decisive actions have been undertaken in strict accordance with Executive Order (E.O.) 13846, which was specifically designed to grant authorization for the reimposition of targeted and specific sanctions on Iran. This executive order provides the necessary legal framework to effectively counteract Iran’s malign behavior, ensuring that the regime faces the consequences for its actions.
By utilizing the authority granted through E.O. 13846, the United States aims to cripple Iran’s financial resources, making it increasingly difficult for the regime to continue its destabilizing activities. This comprehensive approach seeks to hold Iran accountable for its actions while deterring future aggressive behavior.
Through these stringent measures, the United States is sending a clear message to Iran and the international community that it will not tolerate the regime’s harmful actions. By targeting Iran’s petroleum and petrochemical trade, the United States aims to disrupt their primary source of revenue, thereby reducing their capacity to fund activities that threaten regional stability and global security.
President Trump’s maximum pressure campaign on Iran is a multifaceted approach that combines diplomatic, economic, and military measures to address the full range of challenges posed by the Iranian regime. With the imposition of sanctions and the identification of blocked property, the United States is actively working towards a more secure and stable future, where Iran’s destabilizing activities are no longer a threat to global peace.
BSM Marine LLP, an India-based company, is being designated by the Department for knowingly participating in a significant transaction involving the transportation of petroleum from Iran. The YATEEKA a vessel, is identified as property in which BSM Marine LLP holds an interest and the company acts as its commercial manager.
The companies listed have been identified for their deliberate involvement in significant transactions related to the sale or transportation of petroleum or petroleum products from Iran. Kangan Petroleum Refinery Company, located in Iran, is engaged in the sale of Iranian petroleum. Cosmos Lines INC, based in India, is involved in the transportation of Iranian petroleum.
Alkonost Maritime DMCC, a United Arab Emirates-based company, is being identified for its deliberate involvement in a significant transaction related to the transportation of petroleum products from Iran. This entity acts as the commercial and ISM manager for the vessel MENG XIN, as well as the commercial and ISM manager for the vessel PHOENIX I.
Austinship Management Private Limited, an Indian-based company, is being assigned a designation for its deliberate involvement in a noteworthy transaction related to the transportation of petroleum from Iran. Austinship Management Private Limited serves as both the commercial and ISM manager of the vessel AMAK, which is now recognized as a property associated with the company’s interests.
Oceanend Shipping LTD, a Seychelles-based company, has been identified as knowingly involved in a significant transaction for the transportation of petroleum from Iran. This entity serves as both the registered owner and commercial manager of the vessel ASTERIX.
IMS LTD, a company based in Malaysia, is being identified for consciously participating in a substantial transaction involving the transportation of petrochemical products from Iran. Additionally, the entities CHAMTANG, VIOLET 1, and PETERPAUL are being recognized as properties in which IMS LTD holds an interest.
Octane Energy Group FZCO, a United Arab Emirates-based company, has been found to have knowingly engaged in a significant transaction to acquire petroleum products from Iran. This entity primarily operates in the wholesale distribution of petroleum and its related products.