US Treasury warns maritime industry against Iran business and 'oil-for-terror' shipping networks
The U.S. Treasury is warning those in the maritime industry to be wary of involvement with regimes or entities that have been deemed terror sponsors by the U.S. — or face steep costs.
A picture shows supertanker Grace 1 off the coast of Gibraltar on July 6, 2019. - Iran demanded on July 5, 2019 that Britain immediately release an oil tanker it has detained in Gibraltar, accusing it of acting at the bidding of the United States.
"What we're doing on this trip and really every day is we're telling the maritime industry that they need to be on high alert, they need to continue to sophisticate their ability to track vessels that are involved with any of these regimes," Mandelker said. "Whether it's Iran, Venezuela or North Korea, no one should want to have anything to do with funding regimes engaged in this kind of activity.
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