U.S. Sanctions Chinese Entities Over Iranian Oil Imports, Trump to Visit Middle East
The U.S. has imposed a fourth round of sanctions on Chinese entities for buying Iranian crude, aiming to curb Iran's nuclear and missile programs. President Trump also plans a Middle East visit soon.
The latest sanctions, announced in 2025, target Shandong Jincheng Petrochemical Group and the Rizhao Shihua Crude Oil Terminal. Both were accused of importing millions of barrels of Iranian crude. Treasury Secretary Scott Bessent stated the goal is to 'degrade Iran's cash flow'.
This is part of a broader U.S. effort to disrupt Iran's export system. Since 2020, the U.S. has sanctioned around 100 people, companies, and vessels involved in Iran's oil and petrochemical trade. Meanwhile, President Trump noted Iran's support for the truce but stressed Iran cannot be allowed to obtain a nuclear weapon.
In a separate development, Israel and Hamas reached a ceasefire and hostage agreement, the most promising effort yet to end the conflict in Gaza.
The U.S. continues to put pressure on Iran through economic sanctions, with the latest round targeting Chinese entities. The situation in the Middle East remains complex, but recent developments offer hope for a resolution in Gaza.
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