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US Clamps down on Iran
By Micah Halpern
The United States continues to clamp down on Iran. The US is now imposing sanctions on companies that are helping Iran.
The US imposed sanctions on several Chinese and Indian companies accused of involvement in Iran's petrochemical and petroleum trade. By way of these sanctions, the United States is putting pressure on Tehran as it seeks to revive the 2015 Iran nuclear deal.
In a statement released by his office, U.S. Secretary of State Antony Blinken explained that Washington designated two China-based companies, Zhonggu Storage and Transportation Co Ltd and WS Shipping Co Ltd, for their roles in a scheme that attempts to thwart sanction evasion on the sale of Iranian petroleum and petrochemical products.
Blinken accused Zhonggu Storage and Transportation Co Ltd of operating a commercial crude oil storage facility for Iranian petroleum. He accused WS Shipping Co Ltd of being a ship manager for a vessel that has transported Iranian petroleum products.
We will see what happens next.
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20 October 2022 10:58 AM in Thoughts
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