US issues new sanctions over Iran's oil shipments to China - Al-Monitor
🔴 Tension RisingAl-Monitor2026-05-11
The U.S. has imposed sanctions on individuals and companies aiding Iran's oil shipments to China. This action precedes a planned meeting between President Trump and Xi Jinping, where the U.S. aims to secure China's cooperation in resolving the Iran situation and reopening the Strait of Hormuz. The Treasury Department stated its commitment to further restricting Iran's access to financial networks.