The U.S. Treasury Department announced a new round of sanctions against the Iranian regime on July 29, targeting eight vessels and their operators found to have been transporting Iranian oil, primarily to China.
The Treasury also sanctioned two newly established Iranian companies, which it said compel ships to purchase insurance to pass through the Strait of Hormuz, a critical choke point for exporting crude oil and natural gas from the Persian Gulf.
The action, coordinated with the Department of State, is part of the Trump administration’s efforts to cut off the Iran regime’s revenue sources, which Washington said sustain Tehran’s military operations and destabilizing activities across the Middle East. …
US Sanctions Shipping Companies Over Iranian Oil Sales to China, UAE
