USA impose sanctions on networking of Iranian oil to China

Iranian flag with stock graph and an oil pump jack miniature model is seen in this illustration taken on October 9, 2023. – Reuters

On Tuesday, the United States imposed on a shipping network, as it says, millions of barrels of Iranian oil sent to China, the Ministry of State said days after Iran and US dealers completed a fourth round of nuclear conversations in Oman.

The sale of the oil helped fund Iranian weapons and attacks from the Houthi Group on Shipment in the Red Sea, the US Navy and Israel, it says.

The network facilitated the shipment of oil worth billions of dollars to China on behalf of Iran’s armed forces’ general staff and its front company, Sepehr Energy, says.

However, Iran’s spokesman for the Ministry of Foreign Affairs Esmaeil Baghaei said the recent US sanctions against Iran are not constructive when it comes to negotiations,

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