New US Sanctions Target Iran Oil Shipments to China Ahead of Trump-Xi Meeting
🔴 Tension RisingEgypt Oil & Gas2026-05-12
The US has imposed sanctions on Iranian oil shipments to China, targeting individuals and companies linked to the IRGC. This move aims to secure the Strait of Hormuz and reflects Washington's efforts to manage tensions with Iran. The sanctions were announced ahead of the planned meeting between Trump and Xi Jinping.