US issues new sanctions over Iran's oil shipments to China
The measures target three people and nine companies accused of using front firms and a shadow fleet to move Iranian oil revenue.
- 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.
44 Articles
44 Articles
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.
US issues new sanctions over Irans oil shipments to China
The U.S. government on Monday announced sanctions against three people and nine companies, including four based in Hong Kong and four in the United Arab Emirates, for aiding Iran s shipment of oil to China. The ninth company is based in Oman. MORE..
US Treasury Announces Sanctions on 12 New Targets for Transporting Iranian Oil to China
The U.S. Treasury Department announced on May 11 that it is sanctioning 12 new targets as part of its “Economic Fury” initiative to cripple Iran’s military and economic capacity. “Today, the Department of the Treasury … is designating 12 individuals and entities for their roles enabling the Islamic Revolutionary Guard Corps’ (IRGC) sale and shipment of Iranian oil to the People’s Republic of China,” the department’s statement reads. The IRGC is …
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