Treasury sanctions China, Hong Kong, UAE entities tied to Iran petrochemicals sales
The US Treasury Department sanctioned June 16 Chinese, Hong Kong and UAE companies tied to Iran’s petrochemicals exports to Asia. The measures target companies that have links to already-sanctioned Triliance Petrochemical Co. for facilitating sales of of naphtha, butane, propane, methanol and other petrochemicals. Talks have stalled between the US and Iran to revive the 2015 Joint Comprehensive Plan of…