Tuvalu Warned By US 'For Breaking Iran Sanctions' -- The Telegraph/ReutersThe small South Pacific island nation Tuvalu has been told by the US to stop reflagging Iranian oil tankers and warned its government of the risks of breaking US sanctions.
The European Union banned Iranian oil imports as well as providing insurance for vessels carrying Iranian oil on July 1, and the United States has new economic sanctions that have curbed Iranian oil imports by most other major nations.
Reflagging ships masks their ownership, which could make it easier for Iran to obtain insurance and financing for the cargoes, as well as find buyers for the shipments without attracting attention from the United States and European Union.
Read more ....
Update #1: Iran's Secret Oil-Smuggling Ally: Tuvalu -- Newser
Update #2: US Lawmaker Follows Tanzania Letter with one to Tuvalu -- Wall Street Journal
My Comment: I guess sanctions are working.
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