The United States (US) has imposed fresh sanctions on a Chinese oil terminal as part of its latest measures targeting Iran’s energy exports, amid continued tensions over maritime security and sanctions enforcement. Read More: US Targets Iran Crypto Wallets and Oil Trade With Sanctions According to the United States Department of State, sanctions were placed on Qingdao Haiye […]
Iran oil
US tightens sanctions on Iran’s oil sector amid escalating tensions
The United States (US) has announced fresh sanctions targeting Iran’s oil industry, intensifying economic pressure as tensions in the Middle East continue to rise, the Treasury Department said on Wednesday. Read More: US hits Iran with new oil and shipping sanctions According to the announcement, the new measures target more than two dozen individuals, companies, and vessels linked to a major […]
South Korea to look for Iran oil replacement
South Korea will likely return to a familiar game plan to replace Iranian oil it will no longer have access to after May, now that the US intends to tighten sanctions on Iranian exports. South Korea is the biggest buyer of Iranian condensate, an ultra-light oil prized by the country’s refiners as a raw material […]