JOURNAL ARTICLE

US Sanctions More Entities, Individuals Over Iran Oil Sales.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Del Valle, Magdalena 3 of 3

Abstract

The article focuses on recent U.S. sanctions targeting entities involved in the sale of Iranian oil to China, intensifying economic pressure ahead of a planned meeting between U.S. President Donald Trump and Chinese President Xi Jinping. The U.S. Treasury blacklisted 12 firms and individuals, including those based in Hong Kong, the United Arab Emirates, and Oman, for facilitating oil sales on behalf of Iran’s Islamic Revolutionary Guard Corps. The Treasury also warned of further actions against foreign companies supporting illicit Iranian commerce, particularly those linked to China’s private oil refiners. This move follows earlier sanctions on Hengli Petrochemical (Dalian) Refinery Co., a significant Chinese petrochemical firm, amid ongoing tensions and diplomatic efforts related to Iran. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2026
  • Accession Number:193657902
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