The U.S. imposes new sanctions on individuals and companies facilitating Iran's oil shipments to China amid escalating tensions.
The U.S. government on Monday (May 11, 2026) announced sanctions against three people and nine companies, including four based in Hong Kong and four in the United Arab Emirates, for aiding Iran’s shipment of oil to China. The ninth company is based in Oman.
The U.S. Treasury move follows sanctions announced on Friday (May 8, 2026) on individuals and companies aiding Iranian purchases of weapons and components used to make drones and ballistic missiles.
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The Office of Foreign Assets Control said it imposed sanctions on about 40 shipping companies and vessels that operate as part of…
