US Sanctions Iran Oil Network, Escalating Pressure on China

The United States has imposed sanctions on 12 individuals and entities involved in Iran’s illicit oil network, aiming to cut off revenue for the IRGC. These sanctions target firms in Hong Kong, the UAE, and Oman, disrupting the flow of Iranian crude to China. This move precedes a critical meeting between President Trump and Xi Jinping, signaling a broader U.S. strategy to pressure Iran and China regarding energy security.