U.S. Sanctions Target Iranian Oil Network in Global Crackdown
Published on: May 12, 2026, 5:27 a.m. | Source: Devdiscourse
The U.S. government has imposed sanctions on three individuals and nine companies for facilitating Iran's oil shipments to China. This move is part of a broader effort to disrupt financial networks funding Iran's military and its proxies. The sanctions come ahead of President Trump's meeting with China's Xi Jinping.
