Audio By Carbonatix
The United States on Thursday said it blacklisted two companies based in Hong Kong, one in Shanghai and one in Dubai for helping Iran’s state-owned National Iranian Oil Company (NIOC) export millions of dollars of goods in violation of U.S. sanctions.
The U.S. Treasury Department said it imposed sanctions on the Hong Kong-based Triliance Petrochemical Co. Ltd and Sage Energy HK Limited, China-based Peakview Industry Co Ltd and United Arab Emirates-based Beneathco DMCC.
The sanctions would freeze all assets held by the companies that fall under U.S. jurisdiction, generally, bar U.S. companies and individuals from dealing with them, and potentially subject non-U.S. financial institutions that knowingly facilitate “significant transactions” for them to U.S. sanctions.
In addition, the U.S. government-imposed sanctions on two other companies, Jiaxiang Industry Hong Kong Limited and Shandong Oiwangwa Petrochemical Co Ltd, and two individuals, Ali Bayandrian, who is linked to Triliance Petroleum, and Zhiqing Wang, a Chinese national linked to Shandong Oiwangwa.
The announcements are the latest step in the U.S. “maximum pressure” campaign designed to squeeze the Iranian economy to try to force Iran to accept greater constraints on its nuclear program, regional activities and pursuit of ballistic missiles.
U.S.-Iranian tensions have risen since the U.S. decision to abandon the 2015 Iran nuclear deal, its subsequent re-imposition of U.S. sanctions on the Islamic Republic, attacks on Saudi oil facilities blamed on Iran and the U.S. drone strike that killed Iranian military commander Qassem Soleimani in early January.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Mass exodus hits Category C and D schools as heads scout for students at Kumasi centre
6 minutes -
Photos: Jama, chants and school pride as NSMQ 2026 grand finale heats up
8 minutes -
Supreme Court oath is ‘consequential, not ceremonial’ – Mahama tells new justices
11 minutes -
ATLF2026: Tourism industry players honoured at event in Limpopo, South Africa
13 minutes -
Obuasi SecTech closure leaves newly placed students in limbo as Adansi group demands reopening
13 minutes -
Livestream: NSMQ 2026 Grand Finale, PRESEC, AUGUSCO and Accra Academy battle for national glory
18 minutes -
Best Assurance donates GH¢100,000 to GETFund to support education
21 minutes -
Uphold Constitution, administer justice without fear or favour – Mahama to new Justices
29 minutes -
Mahama urges Supreme Court justices to protect public trust in judiciary
31 minutes -
Dumelo wishes NSMQ finalists well ahead of contest
37 minutes -
Let your reasoning and fairness define your legacy – Mahama to new justices
38 minutes -
Mahama charges new Supreme Court justices to protect judicial independence
48 minutes -
Mahama swears in three new Supreme Court justices
53 minutes -
TUC calls for urgent review of Labour Act to strengthen workers’ rights
1 hour -
AMA proposes city-to-city partnerships with Russian cities
1 hour