Politics8/21/2025Bloomberg

US Hits Greek Shipper in Expansion of Iran Max-Pressure Campaign

US Hits Greek Shipper in Expansion of Iran Max-Pressure Campaign

The US Treasury Department has imposed sanctions on a Greek shipping company for its involvement in transporting Iranian oil. This move is part of the Trump administration's "maximum-pressure" campaign against Iran, which aims to curb Tehran's oil exports and economic activities. The sanctions target Monsoon Navigation Corporation, a Greek company, for allegedly facilitating the transportation of Iranian oil. The Treasury Department claims that Monsoon Navigation has been involved in a network that helps Iran evade US sanctions on its oil exports. The sanctions are the latest in a series of actions taken by the US government to tighten the economic pressure on Iran. The administration has been targeting the country's oil sector, as well as its shipping and financial networks, in an effort to force Iran to renegotiate the 2015 nuclear deal and change its regional policies.

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