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They would be subject to sanctions by the American Union
The United States warned other countries on Wednesday not to allow Iranian oil tankers in their ports or territorial waters, as that could go against US sanctions and not only incur penalties, but could also result in an economic and environmental catastrophe in the event of an accident.
The State Department reminded insurers and shipping industries around the world that as part of the “maximum pressure campaign” of the government of President Donald Trump for Iran to present a change in their behaviour, punishments will be imposed on those who insure Iranian vessels.
Brian Hook, the US special representative for Iran, said that as major insurers withdraw their coverage of Iranian vessels, Iran may have to resort to local insurers that will not be able to cover losses that could be in the billions of dollars in case of maritime accidents.
“From the Suez Canal to the Straits of Malacca and all the intermediate points, Iranian oil tankers are now a drawback,” Hook told reporters. “Countries, ports, canal operators and private companies should know that they may be responsible for expenses in an accident involving an Iranian oil vessel.”
Source: El Diario de Coahuila