The United States has imposed sweeping sanctions targeting Iran's energy exports and to deny the Iranian regime from using revenues from it to fund its malign activity.
The Department of State said it is sanctioning approximately 40 individuals, entities, and vessels involved in the trade of Iranian energy products that generates hundreds of millions of dollars of revenue for the Iranian regime. These designations include some of the largest buyers of Iranian petrochemical products by volume and value, as well as the leadership of the companies involved in that trade. The Department is also designating a China-based liquid petrochemical products terminal and multiple shadow fleet operators and vessels.
by Joji Xavier
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