U.S. imposes sanctions on Asian companies shipping Iranian oil to China

Treasury targets Hong Kong oil broker and vessel managers in India and China

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The Trump administration sees money from oil sales as enabling Iran to finance militant groups operating in the Middle East, including Hamas in Gaza. © Reuters

KEN MORIYASU

WASHINGTON -- The U.S. has announced sanctions on more than 30 individuals and vessels allegedly linked to the sale and transportation of Iranian petroleum products to buyers in Asia, primarily China.

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