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US imposes sanctions on companies it says sent Iranian oil to China

  • On May 13, 2025, U.S. Authorities imposed sanctions on nearly two dozen companies accused of facilitating the shipment of Iranian oil to China.
  • The sanctions target a network controlled by Sepehr Energy, the commercial affiliate of Iran’s Armed Forces General Staff, which uses front companies to conceal oil shipments.
  • These entities, including Hong Kong-based firms, brokered oil deliveries to Chinese independent refineries known as 'teapot' refineries, using tactics like ship-to-ship transfers and falsified documents to hide origins.
  • Treasury Secretary Scott Bessent emphasized that the recent measures reflect the ongoing commitment to increase pressure across all facets of Iran’s oil trade, which finances the country’s military and its regional proxy groups.
  • The sanctions block assets and prohibit U.S. business with the designated parties, aiming to disrupt Iran's revenue streams while diplomatic talks with Iran continue.
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Denver Gazette broke the news in on Tuesday, May 13, 2025.
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