Iran has formally launched a complaint at the International Maritime Organization (IMO) against the United States for violating the terms of Joint Comprehensive Plan of Action (JCPoA) and re-imposing sanctions against Iran, which also targets Iranian vessels used for transporting the countries’ oil exports.
Yesterday, Iran's Ambassador to the UK Hamid Baeidinejad said that his diplomatic mission has submitted a letter to the London-based IMO body to voice Iran's protest of the unlawful US sanctions. The country argues that the sanctions violate International Maritime Law, as well as Iran’s maritime sovereignty and endangering maritime security.
The United States has also threatened the countries around the world against allowing Iranian vessels to port as it would automatically impose sanctions on the country and the port. The United States has also extended its ban on ship insurers which leads to tough time for Iranian vessels to find an insurer and depend more on domestic insurers who might again face dollar crunch in international payments.
Other partners to the agreement (China, Russia, France, Germany, and the UK) remains opposed to U.S. actions and have taken steps to protect the agreement which Iran said would exit from should it fail to deliver promised economic returns.


Australia’s December Trade Surplus Expands but Falls Short of Expectations
Asian Markets Wobble as AI Fears Rattle Stocks, Oil and Gold Rebound
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
China Services PMI Hits Three-Month High as New Orders and Hiring Improve
US-India Trade Bombshell: Tariffs Slashed to 18% — Rupee Soars, Sensex Explodes
Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment
Stephen Miran Resigns as White House Economic Adviser Amid Federal Reserve Tenure 



