US imposes sanctions on individuals and companies that transported Iranian oil to China

The US government announced sanctions against individuals and companies involved in transporting Iranian oil to China. This action precedes a scheduled meeting between US President Donald Trump and Xi Jinping, where the US is expected to pressure China to assist in resolving the standoff with Iran at the Strait of Hormuz. The Treasury Department stated that the administration will continue to utilize sanctions to deprive Iran of funding for weapons and its nuclear program.