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US imposes Iran-related sanctions on two people and six companies, mostly Chinese

US imposes Iran-related sanctions on two people and six companies, mostly Chinese

The United States has applied fresh economic sanctions to two Iranian individuals and six companies, including four firms tied to Iran’s national oil company. The move comes following a military standoff between both countries. The US Department of the Treasury accuses the four international petroleum and petrochemical firms of helping Tehran export “hundreds of millions of dollars” worth of oil, which it says helps the Iranian government fund the Islamic Revolutionary Guard COrps (IRGC) and its “terrorist proxies.”
Source: US imposes Iran-related sanctions on two people and six companies, mostly Chinese

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