The U.S. Treasury Department imposed sanctions on over 20 companies involved in a network that facilitated the shipment of Iranian oil to China, worth billions of dollars. This action comes shortly after the fourth round of nuclear talks between Iran and the U.S.
Key Points:
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Sanctioned Entities:
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The network supported Iran’s Armed Forces General Staff and its front company, Sepehr Energy (previously sanctioned in 2023).
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Companies like CCIC Singapore PTE were accused of hiding the Iranian origin of oil and conducting pre-delivery inspections for shipments to China.
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Huangdao Inspection and Certification Co Ltd provided inspection services to already-sanctioned vessels carrying Iranian oil.
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Qingdao Linkrich International Shipping Agency Co Ltd assisted Sepehr Energy-chartered ships in docking and unloading at Qingdao Port.
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Timing:
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The sanctions follow recent nuclear negotiations, signaling continued U.S. pressure on Iran despite diplomatic talks.
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The U.S. is tightening economic pressure on Iran by targeting its oil export networks to China, even as nuclear discussions continue. This move underscores Washington’s strategy of enforcing sanctions while engaging in diplomacy, aiming to curb Iran’s revenue from oil sales that could support its military and nuclear activities.
