US imposes oil sanctions against Chinese companies accused of aiding Iran ...Middle East

The U.S. on Thursday sanctioned firms in China, India, Hong Kong and the United Arab Emirates that it alleges have aided Iran, tightening the screws as the Biden administration seeks to revive the 2015 Iran nuclear deal. New sanctions target two Chinese firms that the U.S. contends facilitate Iranian petroleum trade, according to a release from the State Department. U.S. officials said Zhonggu Storage and Transportation Co. Ltd. operates a commercial crude oil storage facility for Iranian oil while WS Shipping Co. Ltd. has managed a ship that transported Iranian oil. The State Department slapped additional designations on eight entities elsewhere in Asia for their involvement in

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US imposes oil sanctions against Chinese companies accused of aiding Iran ...Middle East

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