US imposes more sanctions on Iranian oil after Trump's call of zero exports

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US imposes more sanctions on Iranian oil after Trump's call of zero exports - Business Standard

Quick Summary:

The US on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the US and its allies.

This is the second round of sanctions imposed on Iranian oil sales since President Donald Trump issued the National Security Presidential Memorandum 2, which calls for the US to drive Iran's export of oil to zero.

The US Treasury and the US State departments sanctioned more than 30 people and ships, including the heads of Iran's National Iranian Oil Co, and the Iranian Oil Terminals Co, for their role in brokering the sale and transportation of Iranian oil.