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The Nexus
WORLDJul 29 · 15:42 UTCSCMP CHINATeresa Elena Frontado

US sanctions Chinese, Hong Kong shipping firms over Iranian oil deliveries

The United States sanctioned eight Chinese and Hong Kong shipping companies for operating vessels that transported Iranian oil to China and the UAE, part of Iran's sanctions-evading 'shadow fleet'. The move aims to pressure Iran economically alongside a naval blockade.

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