US imposes new sanctions on companies and individuals aiding Iran-China oil shipments
🔴 Tension RisingSaudi Gazette2026-05-12
The US has announced new sanctions against companies and individuals aiding Iran's oil shipments to China. This is part of a broader effort to pressure Tehran and disrupt its financial networks. The move comes ahead of President Trump's planned meeting with Xi Jinping, where he is expected to urge the Chinese leader to help resolve the standoff with Iran and reopen the Strait of Hormuz.