The US Treasury Department has sanctioned more than 20 companies it says are involved in shipping Iranian crude oil worth billions of dollars to China, the latest move in the Trump administration’s “maximum pressure” campaign on Tehran.
The Treasury’s Office of Foreign Assets Control said it was sanctioning nearly two dozen groups involved in Iran’s “illicit international oil trade”.
“Today’s action underscores our continued focus on intensifying pressure on every aspect of Iran’s oil trade, which the regime uses to fund its dangerous and destabilising activities,” said Treasury secretary Scott Bessent.
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