U.S. Sanctions Chinese Companies Over Oil Trade With Iran

Good and very good.

The United States has sanctioned several Chinese companies involved in shipping Iranian oil and financing terrorism, the State Department announced on Wednesday. The measures taken against seven interlinked companies include three mainland China-based firms, three Hong Kong-based, and one from South Africa.

These companies were “engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petrochemical products from Iran,” the State Department said.

Bad guys slowed down for a while. Vigilance at the State Dept., good.

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