The United States on Monday imposed sanctions on Chinese and other companies it said were used by one of Iran's largest petrochemical brokers to sell tens of millions of dollars' worth of Iranian products to East Asia, as Washington continues to crack down on Iranian oil sales to the region. The U.S. Treasury Department in…
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.