The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken its first oil price cap enforcement action of the year, according to a Thursday press release. The enforcement action is against UAE-based shipping company Hennesea Holdings Limited (Hennesea) linked to a price cap violation. Hennesea is the ultimate owner of 18 vessels—all crude oil and chemical tankers—including the HS Atlantica, which OFAC has identified as having carried Russian crude oil that had been purchased above the…
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