IRAQ EMERGES AS NEW FRONT FOR ENFORCEMENT OF IRAN OIL SANCTIONS

On 23 October, the Wall Street Journal reported that Persian Gulf waters off Iraq have become a new, important waypoint for Iranian oil smugglers looking to avoid US sanctions, according to US officials, who expressed frustration that Baghdad and other allies aren’t acting more aggressively to enforce curbs on commerce with Tehran.  Iranian tankers now regularly transfer crude to other ships just miles offshore the major Iraqi port of Al Faw, according to the officials. The oil is then mixed with cargoes from other places to disguise its origin, and it eventually ends up on sale in world markets.

https://www.wsj.com/articles/iraq-emerges-as-new-front-for-enforcement-of-iran-oil-sanctions-11603445401

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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