U.S. Department of the Treasury announced fresh sanctions targeting Iran-linked activities, including a Chinese energy company.
By L.F. Mehmed ( Göksu Başaran )
According to Reuters, the United States has introduced new sanctions aimed at curbing Iran-related commercial operations. The measures reportedly target transactions connected to subsidiaries of China-based Hengli Petrochemical.
The Treasury also issued a general license allowing for the wind-down of existing deals involving the company within a specified timeframe. The move is intended to increase economic pressure on Iran while limiting sanction evasion in global energy markets.
The development is seen as a potential source of renewed tension in U.S.-China relations, with analysts warning it could also impact global oil and petrochemical flows
Add comment
Comments