The Washington Post reported today that on 30 June, the Danish shipping giant Maersk pulled out of Iran’s three largest ports only a week after the US had declared the ports’ operator to be an arm of the IRGC. The Post reported that other shipping companies followed suit, forcing Iran scrambling to find alternative ways for its large volume of imports, including food and other critical supplies.
In the past year, the US and European sanctions have targeted Iran’s ability to access the global transportation, banking and insurance sectors. While these sanctions, along with older sets of sanctions imposed against the country, have not produced the intended result, namely a change in Iran’s nuclear policies and programs, but these newer targeted sanctions appear to affect the country’s economy in critical areas of transportation, at a time that Iran is importing unprecedented amounts of food, and banking, causing hardship for the key Iranian industries, including the all-important oil industry.
File Photo: the Regina Maersk / www.maersksealand.com