At least 10 Singapore-linked entities face US sanctions over alleged links to Iranian oil trade


The latest list of entities sanctioned, announced on Nov 20, include three based in Singapore. - Photo: ST

SINGAPORE: At least 10 entities tied to Singapore’s maritime industry have been sanctioned by the United States over allegations of links to the Iranian oil trade.

They are part of a list of more than 70 individuals, entities and vessels worldwide who the US Department of State and US Treasury in October and November accused of being involved in the trade of Iranian petroleum and petrochemical products, and facilitating the shipment of oil and liquified petroleum gas (LPG) from Iran to overseas end users.

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