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Trump Administration Intensifies Sanctions on Iranian Oil in Nuclear Deal Negotiations
The Trump administration has escalated its efforts against Iran by imposing stringent new sanctions on Iranian oil. This move comes as discussions between U.S. and Iranian officials progress, aimed at mitigating nuclear proliferation concerns.
New Sanctions Target Iranian Oil Exports
On Thursday, the U.S. Treasury Department’s Office of Foreign Assets Control announced these sanctions, focusing on a significant refinery, the Hebei Xinhai Chemical Group Co., Ltd., located in China’s Shandong Province. This refinery, along with three associated port terminal operators, has been implicated in facilitating the purchase of extensive quantities of Iranian oil.
The sanctions specifically pertain to what are known within the industry as
