The U.S. Treasury has imposed sanctions on over 20 companies accused of facilitating billions in Iranian oil shipments to China. The action targets Hong Kong-based firms allegedly acting as fronts for Iran’s military, along with tankers used to transport the oil. Officials say proceeds fund Iran’s weapons programs and regional terrorism.
The sanctions come as President Trump offered Iran diplomatic talks while warning of continued pressure. Recent measures have also targeted Chinese “teapot” refineries that process Iranian crude. The Treasury alleges companies used ship transfers and false documents to hide oil origins.
Read more:Iran slams US “provocative moves,” says sanctions hurt nuclear diplomacy
