US issues new sanctions over Iran’s oil shipments to China
Key takeaways
- The US Treasury move follows sanctions announced on Friday on individuals and companies aiding Iranian purchases of weapons and components used to make drones and ballistic missiles.
- It comes days before US President Donald Trump’s planned meeting with Xi Jinping, where he is expected to press the Chinese leader to help resolve the standoff with Iran and reopen the critical Strait of Hormuz.
- Treasury Secretary Scott Bessent said the Trump administration would keep using sanctions to deprive the Iranian government and military of funding for weapons, its nuclear program or support for proxies in the region.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize The US 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.
The US Treasury move follows sanctions announced on Friday on individuals and companies aiding Iranian purchases of weapons and components used to make drones and ballistic missiles.
It comes days before US President Donald Trump’s planned meeting with Xi Jinping, where he is expected to press the Chinese leader to help resolve the standoff with Iran and reopen the critical Strait of Hormuz.