U.S. Imposes New Sanctions Over Iran Sanctions Evasion, Targets Chinese Firms

Oil facilities in Iran

The United States has imposed sanctions on over a dozen companies based in China, Hong Kong, and the United Arab Emirates that Washington accused of facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia. The latest U.S. move against Iranian oil smuggling comes as efforts to revive Iran's 2015 nuclear deal have stalled and ties between the Islamic republic and the West are increasingly strained as Iranians keep up anti-government protests. To read the original story from Reuters, click here.