Reuters - At least three tankers are on their way to Asia with U.S. oil cargoes after Washington gave temporary approval to wind down transactions with a Chinese shipping company that it sanctioned last month, according to data and shipping sources. In one of the biggest sanctions actions taken by the U.S. government since its crackdown on Iranian ...

Reuters - The U.S. Treasury Department on Thursday issued a nearly two-month waiver for companies to wind down transactions with a Chinese tanker company it sanctioned last month for allegedly transporting Iranian oil. The waiver, good through Dec. 20, allows maintenance or wind down of transactions including offloading non-Iranian crude oil involving ...

Reuters - A supertanker owned by COSCO Shipping Tankers (Dalian) has received a temporary waiver from U.S. sanctions that has allowed the ship to discharge crude oil cargoes, a source with direct knowledge of the matter said on Wednesday. The Very large crude carrier (VLCC) Coswisdom Lake, which discharged some crude in Singapore last week, offloaded ...