The US move comes as Washington has stepped up the pressure against Iran’s energy industry, while also pursuing talks with Tehran over the nation’s nuclear program. President Donald Trump threatened this week that he would drive Iran’s oil exports to “zero” if they didn’t come to an agreement.
Washington’s sanctioning of a Singapore-based oil-services company has sent ripples through the local trading community, while renewing a focus on the clandestine supply chain that moves Iranian oil to China.
CCIC Singapore Pte — which provides quality inspections and verifies cargo origins — was blacklisted by the Treasury Department this week for allegedly inspecting Iranian oil shipments set for China, and concealing their true origin.
