US Imposes Sanctions on Entities Involved in Iranian Trade

Yesterday, the US imposed sanctions on seven entities engaged in Iranian petroleum products and petrochemical products trade as well as identifying two vessels as blocked property. The tankers Eloise and Olia managed by Vroom Marine Venture were the ones picked up for the latest sanctions as the US continues its so-called maximum pressure campaign on Iran.

This move comes as part of the ongoing efforts by the US to put pressure on Iran, with multiple rounds of sanctions being imposed since Donald Trump’s return to the White House.

A new round of US-Iran negotiations is expected to take place on Saturday, indicating a potential shift in the diplomatic relations between the two countries.