The United States sanctioned 13 companies in multiple jurisdictions that participated in selling Iranian petroleum products to buyers in East Asia, the U.S. Department of the Treasury said in a press release on Thursday. Today’s action is the fifth round of sanctions “targeting Iran’s illicit petroleum and petrochemical trade since June 2022.
” The 13 companies facilitated the sale of Iranian crude oil on behalf of sanctioned PGPICC, Trilance, NIOC, and NICO. PGPIC was sanctioned in 2019 for providing financial support to…Hess: OPEC’s Back In The Driver’s Seat
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