Treasury’s Tightening Grip: Sanctions Target Iran’s Oil Network

The U.S. Treasury Department has imposed sanctions on more than 20 companies accused of aiding Iran in shipping oil to China. This move comes after the conclusion of a fourth round of nuclear talks between Iran and the United States. The sanctioned network allegedly helped channel billions of dollars’ worth of oil sales to support Iran’s Armed Forces General Staff and its proxy, Sepehr Energy. The sanctions target companies like CCIC Singapore PTE for obscuring the oil’s Iranian origins and conducting crucial pre-delivery inspections. Huangdao Inspection and Certification Co Ltd was also named for supporting Sepehr. Additionally, Treasury sanctioned Qingdao…