U.S. Gives Green Light to Scrap Iran-Linked Ships, Buyer Says

AI Summary

The U.S. has issued its first permit allowing the purchase of ships previously sanctioned for Iran links, enabling vessel recycling by major buyer GMS. This move represents a significant relaxation in maritime sanctions applied against Iran-related assets.

GMS, a major buyer of ships and offshore vessels for recycling, says it has received the first US permit to purchase carriers sanctioned over Iran.