US Sanctions 3 Individuals and 9 Companies for Aiding Iran's Oil Shipments to China

US-Iran War Key News

Central Message

(Central News Agency, Washington, May 11, comprehensive foreign report) The US Treasury Department today announced sanctions against three individuals and nine companies, including four headquartered in Hong Kong, four located in the United Arab Emirates, and one in Oman, accusing them of assisting Iran in transporting oil to China.

According to Reuters, the US Treasury Department had just imposed sanctions on May 8 against individuals and entities assisting Iran in procuring weapons, drones, and ballistic missile components.

This move comes as US President Trump is about to visit Beijing to meet with Chinese President Xi Jinping. Outsiders expect Trump to pressure the Chinese leader to help resolve the standoff with Iran and reopen the strategic Strait of Hormuz.

The US Treasury Department stated that the new wave of sanctions by its Office of Foreign Assets Control (OFAC) aims to target individuals and entities assisting Iran's Islamic Revolutionary Guard Corps (IRGC). These entities used a series of shell companies established in jurisdictions with looser economic regulations to help Iran sell oil to China.

US Treasury Secretary Scott Bessent stated that the Trump administration will continue to exert pressure on Tehran, depriving the Iranian government and military of funding sources used for weapons development, nuclear programs, or financing regional proxies.

Bessent pointed out: "The Treasury Department will continue to sever the Iranian regime's ties with the financial network, preventing it from using these channels to engage in terrorist activities and cause global economic instability." (Compiled by: Liu Shu-chin) 1150512

Choose to stand with facts, every sponsorship you provide is a force to protect press freedom.

Download the Central News Agency's "First-hand News" APP to instantly grasp the latest news.

The text, images, and videos on this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.