OSG Says Tanker Pool Will Halt Iran Trade After Sanctions

Overseas Shipholding Group Inc., the largest U.S. crude-tanker owner, said the pool in which its ships operate will no longer go to Iran after the European Union agreed to an embargo on oil from the Persian Gulf nation.

Tankers International LLC, which manages a pool of vessels from seven companies including OSG, told the New York-based company the trade will end because of “regulations adopted by the European Union in late January 2012 and other factors,” Chief Executive Officer Morten Arntzen said in an e-mail today.