The U.S. on Thursday issued new Iran-related sanctions, focusing on one particular person and a number of other entities together with a Chinese language “teapot” oil refinery for buying and processing Iranian crude oil, the Treasury Division web site confirmed.
It was Washington’s fourth spherical of sanctions on Iran’s oil gross sales since President Donald Trump mentioned in February he was re-imposing a “most strain” marketing campaign together with efforts to drive down the exports to zero. Trump goals to cease Tehran from acquiring a nuclear weapon and funding militant teams.
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China is the most important importer of Iranian oil.
The refinery Treasury focused for sanctions is China-based Shandong Shouguang Luqing Petrochemical Co., Ltd.
Tehran says its nuclear power program is for peaceable functions, whereas Western powers say its enrichment of uranium to ranges approaching weapons-grade has no logical civilian functions.
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