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New US Sanctions Target Iran Oil Shipments to China Ahead of Trump-Xi Meeting
May 12, 2026
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The US has imposed sanctions on three individuals and nine companies for facilitating Iranian oil shipments to China, including entities based in Hong Kong, the United Arab Emirates (UAE), and Oman, according to Reuters. The move by the US Department of the Treasury follows a separate round of sanctions announced on May 8 targeting networks [] The post New US Sanctions Target Iran Oil Shipments to China Ahead of Trump-Xi Meeting first appeared on Egypt Oil Gas.
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