US imposes new sanctions tied to Iranian oil sales to China

US imposes new sanctions tied to Iranian oil sales to China The administration of US President Donald Trump imposed new Iran-related sanctions targeting 12 individuals and entities accused of helping the Islamic Revolutionary Guard Corps sell and transport Iranian oil to China. In a statement, the United States Department of the Treasury said the IRGC relied on front companies operating in “permissive economic jurisdictions” to conceal its involvement in oil sales and channel revenue to the Iranian government. The sanctions targeted several companies based in Hong Kong, as well as firms in Oman and the United Arab Emirates, alongside three individuals based in Iran.