OIL & GAS

US sanctions Chinese, UAE firms skirting Iran oil embargo

The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo on Iran’s oil exports.

“Iran must stop exploiting its natural resources to fund terror and destruction across the region,” US Secretary of State Mike Pompeo warned in a tweet.

It was the latest in a series of sanctions that Washington has slapped on foreign companies doing business with Tehran.

Source
ET Energy World
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