US Imposes New Sanctions on Iran

The U.S. on Thursday issued new Iran-related sanctions, targeting one individual and several entities including a Chinese “teapot” oil refinery for purchasing and processing Iranian crude oil, the Treasury Department website showed.

It was Washington’s fourth round of sanctions on Iran’s oil sales since President Donald Trump said in February he was re-imposing a “maximum pressure” campaign including efforts to drive down the exports to zero. Trump aims to stop Tehran from obtaining a nuclear weapon and funding militant groups.

Background

China is the largest importer of Iranian oil.

The refinery Treasury targeted for sanctions is China-based Shandong Shouguang Luqing Petrochemical Co., Ltd.

Tehran says its nuclear energy program is for peaceful purposes, while Western powers say its enrichment of uranium to levels approaching weapons-grade has no logical civilian applications.

Stay Informed

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Trending News

Trending Now

Story continues below advertisement

Conclusion

The new sanctions imposed by the US on Iran are part of a larger effort to pressure the country into abandoning its nuclear program and stopping its support for militant groups. The sanctions target a Chinese oil refinery and other entities for purchasing and processing Iranian crude oil.

Frequently Asked Questions

Q: What are the new sanctions imposed by the US on Iran?

A: The US has imposed new sanctions on Iran, targeting one individual and several entities, including a Chinese oil refinery, for purchasing and processing Iranian crude oil.

Q: Why did the US impose these sanctions?

A: The US imposed these sanctions as part of a larger effort to pressure Iran into abandoning its nuclear program and stopping its support for militant groups.

Q: How will these sanctions affect China?

A: The sanctions target a Chinese oil refinery, which may affect China’s ability to import Iranian oil.