US urges vigilance in sanctions on Iran shipping

All governments should step up their vigilance against dealings with Iran's shipping sector, a senior US official said on Monday, describing it as a "critical lifeline for Iran's proliferation and evasion."

Writing in the Financial Times, Treasury Undersecretary Stuart Levey said Iranian tactics to evade sanctions included repainting or renaming ships, falsifying shipping documents and assigning vessel ownership to front companies outside Iran. (Reuters)