US issues new sanctions over Iran's oil shipments to China
- Posted on May 12, 2026
- By Business News Today
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- 1 min read
US issues new sanctions over Iran's oil shipments to China
The U.S. has imposed sanctions on three individuals and nine companies, including entities in Hong Kong and the UAE, for facilitating Iran's oil shipments to China. This move aims to disrupt funding for Iran's Islamic Revolutionary Guard Corps and its weapons programs. The sanctions follow previous actions and precede a planned meeting between U.S. and Chinese leaders.
