US imposes new sanctions on Iran oil exports, targets Chinese firms

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The move would add pressure on Teheran as Washington seeks to revive the 2015 Iran nuclear deal. Read more at straitstimes.com.

WASHINGTON - The United States on Thursday imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, including five based in China, pressuring Teheran as it seeks to reviveWashington has increasingly targeted Chinese companies over the export of Iran's petrochemicals as the prospects of reviving the nuclear pact have dimmed. Indirect talks on the accord, formally known as the Joint Comprehensive Plan of Action , have broken down.

US Secretary of State Antony Blinken said the State Department was targeting two China-based companies, Zhonggu Storage and Transportation and WS Shipping. Washington warned that it would continue to accelerate enforcement of sanctions on Iran's petroleum and petrochemical sales so long as Teheran continues to accelerate its nuclear programme.

"These enforcement actions will continue on a regular basis, with an aim to severely restrict Iran's oil and petrochemical exports," Mr Blinken said.Anyone involved in such sales and transactions should stop immediately if they wish to avoid being subjected to US sanctions, he said.

 

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