US issues new sanctions over Iran's oil shipments to China
The measures target a network that used front companies and a shadow fleet to move Iranian crude, with Treasury citing tens of millions of dollars in oil deals.
- On Monday, the United States government announced sanctions against three people and nine companies based in Hong Kong, the United Arab Emirates, and Oman for facilitating Iranian oil shipments to China.
- The Treasury Department stated the Islamic Revolutionary Guard Corps uses front companies in permissive jurisdictions to obfuscate oil sales, funnelling revenue to the regime to fund weapons and proxies.
- Sanctioned entities, including Hong Kong-based Hong Kong Blue Ocean Ltd and Dubai-based Ocean Allianz Shipping LLC, now face blocked U.S.-based assets and prohibited transactions with any American individuals or businesses.
- Treasury Secretary Scott Bessent said the administration intends to 'cut the Iranian regime off' from financial networks used to destabilize the global economy and support terrorist acts.
- President Donald Trump will meet Chinese President Xi Jinping in Beijing later this week to discuss trade disputes, with Washington seeking greater pressure on Tehran regarding its oil exports.
68 Articles
68 Articles
Trump Administration Targets Iran Oil Trade To China
The U.S. government has imposed new sanctions on a network accused of helping Iran export oil to China, according to Treasury Department announcements released Monday. The sanctions target three individuals and nine companies operating across Hong Kong, the United Arab Emirates, and Oman. U.S. officials said the entities allegedly helped facilitate Iranian oil shipments and financial transactions tied to Tehran’s military activities and regional…
U.S. Sanctions Target Iranian Oil Network in Global Crackdown
The U.S. government has imposed sanctions on three individuals and nine companies for facilitating Iran's oil shipments to China. This move is part of a broader effort to disrupt financial networks funding Iran's military and its proxies. The sanctions come ahead of President Trump's meeting with China's Xi Jinping.
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