US sanctions 12 individuals and firms over Iranian oil sales to China ahead of Trump’s Beijing visit
🔴 Tension RisingMoneycontrol.com2026-05-12
The U.S. has sanctioned 12 individuals and entities linked to Iran for selling oil to China, a move coinciding with President Trump's upcoming visit to Beijing. The U.S. court has requested a pause in its ruling against the tariffs, while the administration appeals the decision. This action reflects ongoing trade tensions between the U.S. and Iran.