Greece Implements Iran Sanctions, Exposing Its Own Shipping Sector
🚢 ATHENS — The world's biggest shipping nation just sanctioned its own industry. 📌 LOOK CLOSER: Greece controls 20% of global merchant tonnage; its registries are core to Iran's shadow fleet. OFAC named Greek firm Karnakis & Karnakis this week for corporate cover. Athens enforcing sanctions now closes the legal layer from both sides. Greek shipowners face real compliance risk — the question is enforcement depth, not symbolic alignment.
