The United States has sanctioned Chinese state-run energy company Zhuhai Zhenron...
WASHINGTON - The United States has sanctioned Chinese state-run energy company Zhuhai Zhenrong Co Ltd for allegedly violating restrictions imposed on Iran’s oil sector, U.S. Secretary of State Mike Pompeo said in a speech on Monday.
It comes amid increased tensions between Iran and the West as well as between the United States and China, which have been engaged in a major trade war. He said the sanctions blocked all property and interests in property of Zhuhai Zhenrong in the United States and barred its chief executive, Youmin Li, from entry into the country.
“We see the shot as being aimed just at China, but also at other potential buyers,” such as Turkey and possibly Russia, which could serve as a middleman for brokering oil from Iran to other countries, ClearView said.
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