On June 16, the United States sanctioned a network smuggling Iranian petrochemical products, a class of chemicals derived from oil and natural gas essential to manufacturing paints, plastics, solar panels, medicine and mobile phones that facilitate modern life. The goods were exported to China and other countries in East Asia. The Treasury Department named two men and nine companies operating in Iran, China, and the United Arab Emirates. The move marks a tightening of U.S.
Treasury Targets International Sanctions Evasion Network Supporting Iranian Petrochemical Sales marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
Treasury Sanctions Companies for Enabling the Shipment and Sale of Iranian Petrochemicals marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
An Iranian petroleum facility. (Source: Persol Corporation)
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