US EditionU.S. Steps Up Sanctions Pressure on Iran’s Oil Trade
The US Treasury sanctioned nine companies and 12 vessels linked to Greek magnate Antonios Margaritis to disrupt Iran's oil revenue that funds advanced weapons and terrorism, officials said.
- On August 21, 2025, the U.S. Treasury imposed new sanctions targeting Greek shipper Antonios Margaritis, his companies, and vessels involved in Iran's oil exports.
- The sanctions form part of a broader campaign under NSPM-2 to maximize economic pressure on Tehran by disrupting its illicit oil trade network.
- The U.S. also sanctioned two China-based crude oil terminal operators that handled millions of barrels of Iranian oil onboard U.S.-designated tankers, marking the fourth round against Chinese entities.
- Treasury Secretary Scott Bessent stated this action degrades Tehran’s ability to fund advanced weapons programs and terrorist groups via illicit petroleum sales.
- These sanctions aim to further isolate Iran's oil revenue streams, potentially intensifying Tehran’s economic difficulties amid ongoing domestic unrest and energy shortages.
15 Articles
15 Articles
US Sanctions Greek Shipbroker for Facilitating Iranian Oil Transfers
Crude Oil Tanker Credit: Wikimedia Commons / Quintin Soloviev / Public Domain The United States has announced new sanctions targeting individuals and companies accused of facilitating the trade of Iranian oil, widening its campaign of “maximum pressure” on Tehran. The measures include penalties against Greek shipbroker Antonis Margaritis and a network of shipping companies under his control, as well as two Chinese oil terminal operators. Accordi…
U.S. Steps Up Sanctions Pressure on Iran’s Oil Trade
The United States has sanctioned a Greek shipping entrepreneur, a network of his companies, and two Chinese crude oil terminal and storage operators as the Treasury is taking additional actions to disrupt Iranian oil exports and the shadow fleet enabling them. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) imposed sanctions on Greek national Antonios Margaritis, his network of companies, and nearly a dozen vessel…
On August 21, the US Treasury announced the second package of restrictions against Iran's “shadow fleet” in a month.
Iran oil crackdown: US sanctions China terminals and Greek shipping network
The US sanctions two China-based oil terminals and Greek shipping operator Antonios Margaritis for facilitating illicit Iranian oil exports, aiming to cut Tehran’s revenue for weapons programmes and terrorism.
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