#Firstpost US Sanctions Target Iran’s Oil Network, Hit Chinese Firms | Spotlight | N18G

The United States imposed new sanctions on nearly 100 individuals, companies, and vessels linked to Iran’s oil trade. Washington said the move targeted networks in China, Hong Kong, and the UAE that helped ship Iranian oil and sell petroleum products, violating existing restrictions. The sanctions were issued under President Donald Trump’s executive orders aimed at “driving Iran’s oil exports to zero.” Treasury officials said the goal was to cut funding for Tehran’s nuclear and missile programs. China condemned the move as illegal interference, while Iran’s oil exports continued to rise despite repeated US crackdowns.
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