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 vessels involved in Iran’s shadow fleet. “Margaritis has leveraged his decades of experience…