US sanctions firms, individuals over Iranian oil shipments to China
🔴 Tension Risingynetnews2026-05-12
The United States has imposed sanctions on individuals and companies involved in Iran's oil shipments to China. This move follows sanctions announced Friday targeting networks involved in procuring weapons components for Iran’s drone and ballistic missile programs. The sanctions come as President Donald Trump is expected to meet Chinese President Xi Jinping, where Iran and the Strait of Hormuz are likely to be key topics.