US sanctions law firm based in Panama, Greece over Iran shipping ties

The US Treasury Department imposed sanctions on the Panama and Greek-based law firm Karnakis and Karnakis on Wednesday, alleging the firm has supported Iranian shipping for years. Additionally, the US Financial Crimes Enforcement Network issued an administrative subpoena to advance an investigation into an unnamed Greek bank regarding potential ties to Iran.

FINCEN also requested information from six other European banks concerning their relationships with Iranian financial institutions that are under US sanctions, according to Al-Monitor.

Separately, Iranian President Masoud Pezeshkian stated on Wednesday that countries globally continue to cooperate and work with Iran despite US sanctions. Speaking during a ceremony for Iran’s National Export Day, Pezeshkian accused Trump of openly threatening to steal Iran’s oil and gas, asserting that Iran would never allow the US president to seize those resources. Middle East Eye reports that Pezeshkian also stated that others believed assassinating their leader could tear the country apart.

Brief written by urgent.news from Al-Monitor, Middle East Eye — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.