US Warns Nations not to Allow Iranian oil Tankers
The United States is warning other countries not to allow Iranian oil tankers into their territorial waters or ports, saying such access may run afoul of U.S. sanctions and not only incur penalties, but also result in catastrophic economic and environmental damage should an accident occur, ABC News reports.
The State Department reminded the global shipping and insurance industries Wednesday that as part of the Trump administration's "maximum pressure campaign" to get Iran to change its behavior, insuring Iranian tankers will now incur penalties under U.S. sanctions reinstated this week.
Brian Hook, the special U.S. representative for Iran, said that as major insurers withdraw coverage from Iranian vessels, Iran will likely turn to domestic insurance companies that will not be able to cover losses for maritime accidents that could run into the billions of dollars.
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