General · 2 May 2026
US targets China firm, 40 vessels in Iran oil crackdown
Oil trade linked to Iran faces tighter limits, affecting companies tied to shipments. Washington placed penalties on a China-based operator and others over alleged involvement in moving Iranian crude, as part of efforts to cut Tehran’s income. The measures also cover about 40 shipping firms and vessels connected to transport networks moving oil, according to officials.
Reported by South China Morning Post · How we write briefs