Chile to Receive Iran’s 1st Crude Shipment in 16 Years: Report
- June, 09, 2018 - 11:09
- Economy news
TEHRAN (Tasnim) – An oil tanker hauling Iranian crude is making the first delivery to Chile in at least 16 years despite impending US sanctions, a report said.
The Monte Toledo, a Suezmax-class tanker able to transport 1 million barrels, is due to reach the Pacific Coast port of San Vicente on July 12, according to signals from the ship, Santiago Times reported on Saturday.
It exited the Persian Gulf earlier this month after loading at Kharg Island, Iran’s main export terminal.
Chilean government data show the country has not imported any crude from Iran in at least 16 years.
In a speech from the White House on May 8, US President Donald Trump accused Iran of sponsoring terrorism and seeking nukes before announcing the US withdrawal from the nuclear agreement between Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), known as the Joint Comprehensive Plan of Action (JCPOA).
Trump also said he would reinstate US nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.
The new US sanctions will take six months to kick in, but a number of European companies have already halted their businesses in Iran despite verbal pledges by their governments to protect them against any fallout.