US Hits Firms Moving Iranian Oil and Major China Crude Terminal

The US has imposed sanctions on firms involved in the transportation and sale of Iranian oil, including a unit of a state-owned Chinese oil company that operates a major crude terminal in China. The sanctions aim to further restrict Iran's ability to sell oil globally, a critical source of revenue for the country. The move comes as the US continues its "maximum pressure" campaign against Iran, seeking to limit the country's nuclear and regional activities. The sanctions target entities and individuals involved in the illicit oil trade, including a subsidiary of China's Chinaoil, which operates a major crude terminal in Dalian, China. This highlights the ongoing tensions between the US and China, as well as the broader geopolitical and economic implications of the Iran sanctions. The sanctions are expected to further disrupt global oil flows and heighten the challenges faced by countries and companies seeking to maintain ties with Iran.