US sanctions UAE, Hong Kong firms that ship Iranian oil ...Kuwait

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US sanctions UAE, Hong Kong firms that ship Iranian oil
The US has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the sale of millions of dollars’ worth of Iranian oil for shipment to East Asia. The Treasury Department's Office of Foreign Assets Control on Monday imposed the sanctions on UAE-based Blue Cactus Heavy Equipment and Machinery Spare Parts Trading for providing support to the Iranian petroleum trade. Hong Kong-based Farwell Canyon HK Limited, Shekufei International Trading Co., Limited, and PZNFR Trading Limited were also hit with Treasury sanctions. The latest round of sanctions targeting Iranian oil sales come as the US attempts to reenter the Iran nuclear agreement

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