US Treasury imposes new Iran sanctions on shipping support network

The US Treasury has imposed new Iran-linked sanctions targeting the shipping, legal and financial networks supporting Tehran's oil exports.

• The Treasury sanctioned five individuals, four companies and nine ships tied to networks supporting Iranian oil and petrochemical shipping.
• Targets included the Greek-Panama law firm Karnakis & Karnakis and Dubai-based Whales Shipping Line, accused of facilitating Iranian shipping.
• FinCEN issued an administrative subpoena to investigate a Greek bank over possible Iran ties and sought information from six other European banks.
• Iranian Foreign Minister Abbas Araghchi said Iran is open to diplomacy if it sees evidence of a genuine US desire for a fair solution.