The US Treasury Department building in Washington. The US is imposing sanctions on companies based in China, Hong Kong and the UAE that Washington accused of facilitating the sale of Iranian petroleum products to buyers in East Asia. Photo: AP
The US Treasury Department building in Washington. The US is imposing sanctions on companies based in China, Hong Kong and the UAE that Washington accused of facilitating the sale of Iranian petroleum products to buyers in East Asia. Photo: AP
Middle East

US imposes new penalties over Iran sanctions evasion, targets firms in China, Hong Kong and UAE

  • The latest US move against Iranian oil smuggling comes as efforts to revive Iran’s 2015 nuclear deal have stalled
  • The 13 sanctioned companies are accused by Washington of easing the sale of Iranian petrochemicals and petroleum products to buyers in East Asia

The US Treasury Department building in Washington. The US is imposing sanctions on companies based in China, Hong Kong and the UAE that Washington accused of facilitating the sale of Iranian petroleum products to buyers in East Asia. Photo: AP
The US Treasury Department building in Washington. The US is imposing sanctions on companies based in China, Hong Kong and the UAE that Washington accused of facilitating the sale of Iranian petroleum products to buyers in East Asia. Photo: AP
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