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According to the US Treasury Department, the sanctioned network includes Hong Kong based Shipoil Limited and two Dubai based affiliates, Shipoil FZCO and Ship Fuels and Trade DMCC. The companies are controlled by Alberto and George Tsoris.<\/p>\n
The network reportedly provides marine bunkering services and has a presence in the Greek port of Piraeus.<\/p>\n
US authorities allege that companies within the Shipoil network have worked with Iranian petroleum businesses, entities connected to Iran\u2019s state owned shipping company IRISL, and a wider shipping network associated with Iranian businessman Hossein Shamkhani.<\/p>\n
Treasury records indicate that Shipoil affiliates supplied fuel during 2026 to tankers that US authorities allege were transporting cargo for Iran\u2019s armed forces, as well as vessels controlled by Iran\u2019s state shipping company.<\/p>\n
The sanctions are part of Washington\u2019s broader efforts to disrupt shipping and commercial networks that it says support Iran\u2019s energy sector and Russia\u2019s efforts to circumvent international restrictions.<\/p>\n
Greek authorities have indicated that the measures were imposed directly by the United States rather than the European Union. As a result, they said there is currently no legal basis for Greece to impose corresponding domestic sanctions solely on the basis of the US designation.<\/p>\n
The case highlights the growing scrutiny faced by Greek linked shipping interests as the United States expands enforcement against companies and maritime networks accused of facilitating trade with sanctioned entities.<\/p>\n