US sanctions China‑based oil terminal for facilitating Iran trade
Fast facts
- Category: Middle East
- Language: EN
- Published: 2026-05-01 21:00 UTC
- Sources: Middle East Eye
The State Department announced sanctions against a Shanghai‑located oil terminal that it said was helping Iran evade international restrictions. The measures target the company’s ability to conduct transactions in U.S. dollars and freeze any U.S.-based assets. Officials said the action aims to tighten economic pressure on Tehran’s oil sector.
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