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57m ago

U.S. Sanctions China Oil Terminals and Greek Shipper in Fresh Crackdown on Iranian Crude

The actions extend a maximum‑pressure campaign under NSPM‑2 that blocks U.S. dealings with designated terminals, companies, vessels.

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U.S. and Iran flags are seen in this illustration taken June 18, 2025. REUTERS/Dado Ruvic/Illustration/File photo
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Overview

  • The State Department named Qingdao Port Haiye Dongjiakou Oil Products and Yangshan Shengang International Petroleum Storage and Transportation for facilitating imports of Iranian-origin oil on U.S.-designated tankers.
  • Officials said DJK Oil Products handled at least 65 million barrels of Iranian crude in 2025, while Yangshan Shengang received six shipments totaling over four million barrels and took delivery from the tanker Turaco in March.
  • The Treasury sanctioned Greek national Antonios Margaritis, his network of companies, and multiple tankers for illicit trading and transport of Iranian petroleum.
  • Treasury said the latest package targets 13 entities in Hong Kong, China, the United Arab Emirates, and the Marshall Islands, along with eight vessels.
  • The measures were imposed under Executive Orders 13846 and 13902, trigger U.S. asset blocking and transaction bans, and mark the fourth round focused on China-based terminal operators.