Canada puts Iranian tanker giant back under sanctions

AI Summary

Canada has reinstated sanctions on the National Iranian Tanker Company, reversing relief granted under the earlier nuclear agreement with Iran. The measures also target 10 other Iranian entities, including major oil companies and financial institutions.

Canada has reinstated sanctions against the National Iranian Tanker Company (NITC), reversing relief granted a decade ago under the international nuclear agreement with Tehran. The move forms part of a package targeting 11 Iranian entities, including National Iranian Oil Company (NIOC), oil trading group Naftiran Intertrade and several major financial institutions. The measures were announced …