US Targets Chinese, UAE Firms in New Iran Oil Sanctions

US Targets Chinese, UAE Firms in New Iran Oil Sanctions
A petrol pump model is seen in front of U.S. and Iranian flag colors in this illustration taken on March 25, 2022. Dado Ruvic/Reuters
Reuters
Updated:

WASHINGTON—The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear program.

The U.S. Treasury and the U.S. State Departments imposed sanctions on a total of six companies, four based in Hong Kong, one in Singapore, and one in the United Arab Emirates (UAE) in actions that were announced in separate statements.