US EditionU.S. and UK Each Launch Sanctions on Facilitators of Iranian Oil Trade
The US sanctioned two Chinese oil terminals importing over 65 million barrels of Iranian crude since Dec 2024 to cut Iran's revenue fueling regional conflict, officials said.
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7 Articles
US Sanctions China Terminals, Hong Kong-Based Companies, Other Foreign Entities Over Iran Oil
The U.S. government unveiled new sanctions on Aug. 21 targeting China-based oil terminal operators and several foreign entities, including those from Hong Kong, over their alleged involvement in the shipment of Iranian oil. The State Department said it sanctioned two China-based operators of crude oil and petroleum terminals and storage facilities, alleging they facilitated the import of Iranian oil carried by U.S.-sanctioned tankers. One of the…
U.S. Imposes New Sanctions On China-Based Oil Operators To Intensify Pressure On Iran
State Department action targets key links in Iran’s crude oil supply chain, alleging the flow of millions of barrels of oil to fund destabilizing activities. In a move to escalate its “maximum pressure” campaign against Iran, the United States today announced new sanctions on two China-based companies that allegedly facilitate the import of millions of […] U.S. Imposes New Sanctions On China-Based Oil Operators To Intensify Pressure On Iran
The U.S. government has announced Thursday a new package of sanctions aimed at entities and ships allegedly linked to the export of oil from Iran, a kind of 'shadow float' that, in Washington's view, helps Tehran evade punishment against one of its main sources of revenue.
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