Tag: Iran-China oil trade
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The Ripple Effect: U.S. Sanctions on Iranian Oil Network Shake Global Markets
U.S. Treasury Sanctions on Iranian Oil Network: Global Implications U.S. Treasury Sanctions on Iranian Oil Network: Global Implications The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on an international network facilitating the shipment of Iranian crude oil worth hundreds of millions of dollars to China. These sanctions, aligned…