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US slaps sanctions on Iran’s biggest airline and shipping group

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Hassan Rouhani, Iran’s president, pauses whilst speaking during a news conference in Tehran, Iran, on Monday, Oct. 14, 2019.

Bloomberg | Getty Images

WASHINGTON — The U.S. will impose a fresh round of sanctions on Iran’s largest shipping company and biggest airline, the nation’s top diplomat announced Wednesday.

Secretary of State Mike Pompeo targeted the Islamic Republic of Iran Shipping Lines, its China-based subsidiary, E-Sail Shipping, and Mahan Air, saying the companies are aiding the Iranian regime’s alleged proliferation of weapons of mass destruction.

“As long as its malign behaviors continue, so will our campaign of maximum pressure,” Pompeo said Wednesday, adding that the…



Source cnbc.com

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