Overview

• The State Department sanctioned two China-based crude oil terminal and storage operators accused of handling millions of barrels of Iranian oil on previously designated tankers.
• The Treasury Department designated Greek national Antonios Margaritis and his network for illicitly trading in Iranian petroleum through companies and vessels he controls.
• The package targets 13 entities in Hong Kong, China, the United Arab Emirates and the Marshall Islands, along with eight vessels identified by U.S. officials.
• Named companies include Ares Shipping Limited, Comford Management and Hong Kong Hangshun Shipping Limited, with tankers such as Adeline G, Kongm and Lafit added to the list.
• Officials said the measures were imposed under Executive Orders 13846 and 13902 and form part of the ongoing campaign under NSPM-2 to deny Iran funds used for terrorism and repression.