The U.S. Treasury Department said it had sanctioned several companies that traded hundreds of millions of dollars worth of Iranian petroleum and petrochemicals, providing concealed support to Iran amid tensions between the two nations.
In a press release Thursday, the department said it clamped down on Hong Kong-based Triliance Petrochemical Co. Ltd., Sage Energy HK Limited, China-based Peakview Industry Co. Limited, and United Arab Emirates-based Beneathco DMCC for their dealings with the National Iranian Oil Company (NIOC), an entity instrumental in Iran’s petroleum and petrochemical industries.
