UASC returns to Iran

Shipping line United Arab Shipping Company (UASC) has announced that it started accepting shipments to and from Iran following the news that non-US citizens and companies are now allowed to trade with the country.

UASC’s statement follows the U.S. Treasury Department’s recent announcement that non-Americans are now allowed to do business with Iran in sectors including banking, steel and shipping, as international sanctions were lifted as part of a nuclear deal.

The shipping line reportedly stated that the ability to accept cargo volumes to and from Iran will continue to be based on its internal compliance check in line with international laws, as a number of sanctions on Iran are still in place.