All tagged Bank of Kunlun

U.S. Warns Hong Kong to Avoid Tanker in Breach of Iran Sanctions

◢ The U.S. warned Hong Kong that it could face penalties if it does business with PACIFIC BRAVO, an oil tanker headed for the city that allegedly violated sanctions on Iran. Washington wants to put China and the autonomous city on notice that it will aggressively and consistently enforce its Iran sanctions, a senior U.S. official said on Tuesday, speaking on condition of anonymity.

Iran Tankers Go Dark to Keep Selling Oil

◢ Working from their small offices in Stockholm, analysts at a new watchdog that monitors global oil shipments have been run ragged by Iran's efforts to skirt US sanctions this month. In late October, every single one of Iran's vessels "went dark", switching off their transponders to avoid international tracking systems—a first since began operating in 2016.