U.S. Enforces Tough Sanctions on Entities Aiding Iran's Oil Trade
Published on: May 12, 2026, 2:03 a.m. | Source: Devdiscourse
The U.S. government has imposed sanctions on three individuals and nine companies, four of which are based in Hong Kong and four in the UAE, for facilitating Iran's oil shipments to China. This move aims to curb Iran's financial resources, especially funding for weapons and its nuclear program.
