WORLD_ US Sanctions China-Based Oil Terminal, Ship Managers Amid Iran Sanctions Regime (Kimberly Hayek - THE EPOCH TIMES)

THE EPOCH TIMES

US Sanctions China-Based Oil Terminal, Ship Managers Amid Iran Sanctions Regime

The move is directed at a Chinese terminal operator responsible for importing tens of millions of barrels of Iranian crude.

A sign outside the U.S. State Department in Washington on July 11, 2025. Saul Loeb/AFP via Getty Images

Kimberly Hayek
5/1/2026|Updated: 5/2/2026

The United States on Friday sanctioned a network of entities and individuals alleged to have funneled billions of dollars to Iran via illicit oil sales, taking aim at a China-based terminal operator responsible for importing tens of millions of barrels of sanctioned crude.

According to the State Department, the move as part of ongoing actions under the Trump administration’s Economic Fury policy to derail Tehran’s main revenue source for financing military action and terrorist activities. The move represents the 12th round of sanctions on Iranian oil sales since National Security Presidential Memorandum-2 was issued on Feb. 4, 2025.

“The United States is taking decisive action to disrupt Iran’s illicit oil trade, the Iranian regime’s primary revenue streams that fund terrorism and regional destabilization,” the department said in a fact sheet.

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READ MORE: https://www.theepochtimes.com/world/us-sanctions-china-based-oil-terminal-ship-managers-amid-iran-sanctions-regime-6020298?ea_src=frontpage&ea_med=section-1

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