The United States has imposed new sanctions on a network linked to Iran’s oil trade, targeting a China-based terminal operator, vessel management companies, and financial intermediaries involved in handling oil revenues.
The US Department of State said the action is aimed at cutting off what it sees as a key source of funding for Iran.
The measures include sanctions on Qingdao Haiye Oil Terminal Co., Ltd., a Chinese petroleum terminal operator that has imported tens of millions of barrels of Iranian crude oil since February last year.
According to US officials, the company helped move Iranian oil despite existing restrictions.
The shipments were carried out using methods designed to avoid detection, including ship-to-ship transfers involving sanctioned vessels.
Authorities also pointed to the use of deceptive shipping practices, which they said can put other ships and normal trade routes at risk.
The US also sanctioned Xingchun Li, identified as the president of Qingdao Haiye.
Alongside him, two
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