The United States on Monday issued fresh sanctions on Iran, this time targeting Chinese and other companies it said were used by one of Iran‘s largest petrochemical brokers to facilitate the sale of tens of millions of dollars’ worth of Iranian petroleum and petrochemical products from Iran to East Asia.
The Iranian Persian Gulf Petrochemical Industry Commercial Co (PGPICC) allegedly exploited the designated businesses to sell Iranian oil and petrochemical goods to East Asia, a statement from the US Treasury Department said.
