U.S. Sanctions Target Iranian Oil Network in Global Crackdown

The U.S. has sanctioned nine individuals and companies facilitating Iran's oil shipments to China as part of a broader effort to disrupt Iran's financial networks. This move coincides with President Trump's upcoming meeting with Xi Jinping, focusing on resolving tensions with Iran and securing Strait of Hormuz passage. The Treasury Department is offering rewards for information disrupting illicit financial activities.