The US Treasury announced sanctions against UAE and HK-based companies accused of facilitating the sale and transfer of Iranian petrochemical products.
US levies sanctions on seven entities moving Iranian petroleum and petrochemicals informa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from informa.com Daily Mail and Mail on Sunday newspapers.
On August 1, the United States sanctioned six companies for helping to sell millions of dollars’ worth of Iranian oil and petrochemical products to East Asian buyers. Petrochemicals, derived from oil and natural gas, are essential to manufacturing paints, plastics, solar panels, medicine, and mobile phones that facilitate modern life.
US sanctions seven entities linked to Iranian oil and petrochemical trade informa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from informa.com Daily Mail and Mail on Sunday newspapers.