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US Sanctions Iranian Petchem/Petroleum Network

OIL

The US government has sanctioned 13 companies in multiple jurisdictions facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia on behalf of sanctioned Iranian companies, the US Treasury Department said.

  • This marks the fifth round of designations targeting petroleum and petrochemical trade since June 2022.
  • “Today’s action further demonstrates the complex sanctions evasion methods Iran employs to illicitly sell petroleum and petrochemical products,” the Treasury Department said.
Energy BulletsCommodities
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