U.S. Unexpectedly Lifts Iran-Related Sanctions On Chinese Tanker Company

The United States will remove the sanctions it imposed on Chinese tanker operator Cosco for violating the Iran oil sanctions, Reuters reports, citing sources in the know. One of the sources, from a large Chinese oil company, said Cosco had already been taken off the sanction list and only an official confirmation of the removal was pending. The other source said Washington had given indication it was about to lift the sanctions. Washington imposed sanctions on several Chinese tanker operators last September, alleging that they continued to transport…