US sanctions 12 entities over Iranian oil trade with China ahead of Trump-Xi meet | Oil was sold through a web of front companies | Inshorts
🔴 Tension RisingInshorts2026-05-12
The United States announced sanctions against 12 entities involved in Iran's oil trade with China. This action precedes President Donald Trump's visit to China, where he is scheduled to meet with Xi Jinping. The sanctions aim to disrupt Iran's ability to circumvent US sanctions.