ReferIndia News U.S. Tightens Grip: Sanctions Target Iran’s Oil Shipments

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U.S. Tightens Grip: Sanctions Target Iran’s Oil Shipments

Published on: May 12, 2026, 1:12 a.m. | Source: Devdiscourse

The U.S. government imposed sanctions on three people and nine companies linked to Iran's oil shipments to China, aiming to curb Tehran's funding. The move precedes President Trump's meeting with Xi Jinping. The sanctions target entities aiding Iran's military initiatives and global destabilization efforts.

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