Treasury sanctions Chinese refinery, 3 port companies for buying, delivering Iranian oil
Show Caption
Hide Caption
President Trump says US wants direct' with Iran in nuke talks
President Donald Trump says the U.S. wants to deal with Iran "directly" to negotiate a deal over nuclear weapons.
WASHINGTON − The Treasury Department announced May 8 it sanctioned a Chinese refinery and three port terminal operators for buying or helping deliver hundreds of millions of dollars worth of Iranian oil.
President Donald Trump had signed an executive order to block sales of Iranian oil as part of an economic pressure campaign against the Middle East country working to develop its own nuclear weapon.
“The United States remains resolved to intensify pressure on all elements of Iran’s oil supply chain to prevent the regime from generating revenue to further its destabilizing agenda,” Treasury Secretary Scott Bessent said in a statement.