The Grace 1 tanker was impounded in the British territory on the southern tip of Spain after sailing around Africain Gibraltar on Thursday for trying to take oil to Syria in violation of EU sanctions, a dramatic step that drew Tehran’s fury and could escalate its confrontation with the West.
“This is the first time that the EU has done something so public and so aggressive. I imagine it was also coordinated in some manner with the US given that NATO member forces have been involved,” said Matthew Oresman, a partner with law firm Pillsbury Winthrop Shaw Pittman who advises firms on sanctions.
European countries have so far tried to appear neutral in the escalating confrontation between Tehran and Washington, which saw the United States call off air strikes against Iran just minutes before impact last month, and Tehran amass stocks of enriched uranium banned under a 2015 nuclear deal. Iran has long been supplying its allies in Syria with oil despite sanctions against Syria. What is new are US sanctions on Iran itself, imposed last year when Presidentpulled out of an agreement that had guaranteed Tehran access to world trade in return for curbs on its nuclear program.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SABC News Online - 🏆 32. / 51 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »