Please agree to our privacy policy to enable news listening. (Central News Agency, Washington, Comprehensive Foreign News Report on the 11th) The U.S. Treasury Department today announced sanctions on three individuals and nine companies, including four companies headquartered in Hong Kong, four companies in the United Arab Emirates, and one company in Oman, accusing them of assisting Iran in transporting oil to China. According to Reuters, the U.S. Treasury Department only imposed sanctions on individuals and companies on the 8th for helping Iran purchase weapons, drones and ballistic missile parts. The move comes as U.S. President Trump is about to visit Beijing for talks with Chinese President Xi Jinping. Trump is expected to put pressure on Chinese leaders to help resolve the standoff with Iran and reopen the strategic Strait of Hormuz. The U.S. Treasury Department said that a new wave of sanctions from its Office of Foreign Assets Control (OFAC) is aimed at targeting individuals and entities that assist Iran’s Islamic Revolutionary Guard Corps (IRGC). These subjects use a series of headquartered companies located in areas with looser economic jurisdiction to help sell Iranian oil to China. U.S. Treasury Secretary Scott Bessent said the Trump administration will continue to exert pressure on Tehran and deprive the Iranian government and military of funding sources for weapons development, nuclear programs or funding regional proxies. Bessant pointed out: “The Ministry of Finance will continue to cut off the Iranian regime’s connection with financial networks to prevent it from using these channels to engage in terrorist activities and cause global economic instability.” (Compiled by Liu Shuqin) 1150512 supports the Central News Agency’s choice to stand with the facts. Every donation you make is a force to protect press freedom. Small-scale sponsorship downloads the Central News Agency’s “First-hand News” APP to get the latest news in real time. The text, pictures and audio and video of this website may not be reproduced, publicly broadcast or publicly transmitted and used without authorization.
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