US sanctions companies for helping Iran ship oil to East Asia ...Middle East

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US sanctions companies for helping Iran ship oil to East Asia
The Biden administration on Monday slapped sanctions on companies based in the United Arab Emirates and China that the U.S. says are helping ship Iranian oil to East Asia.   The Treasury Department said that the companies together were helping Iran’s Persian Gulf Petrochemical Industry Commercial Co. sell tens of millions of dollars worth of Iranian petroleum and petrochemical products. Persian Gulf Petrochemical Industry Commercial Co. has been sanctioned by the U.S. since 2019.  Treasury announced sanctions on four companies — one based in the UAE and three others based in Hong Kong. The State Department also sanctioned two shipping companies for transporting the oil from Iran to

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