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Reuters
Reuters
Business
By Chen Lin and Isabel Kua

U.S. allows transactions to free sanctioned oil tanker stranded in Indonesia

The United States has allowed some transactions to take place with a sanctioned oil supertanker in efforts to free the vessel currently stranded in Indonesian waters, the U.S. embassy in Singapore said on Wednesday.

The Indonesian navy has been trying to free the Djibouti-registered ship, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline.

The U.S. last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's elite Quds Force, targeting dozens of people, companies and tankers as Washington sought to mount pressure on Tehran. The Young Yong was among the vessels sanctioned.

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