The US Treasury has imposed new sanctions on China’s Hengli Petrochemical and a network of roughly 40 shipping firms and tankers involved in transporting Iranian oil. The move escalates pressure on Tehran ahead of upcoming diplomatic talks in Pakistan, signaling tighter enforcement against Iran-linked trade and maritime activity.
Weeks ahead of Trump’s planned meeting with Xi Jinping, the US administration sanctioned China’s Hengli Petrochemical refinery and about 40 shipping firms and tankers tied to transporting Iranian oil. The action, reported by AP, coincides with intensified pressure in the region, including a blockade of the Strait of Hormuz, signaling a hard line on Iran-linked trade.
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