The US government on Sept. 3 sanctioned 11 entities based in Iran, the UAE and China for continuing to facilitate sales of Iranian petrochemical and oil products. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The move is the latest in the Trump administration’s efforts to clamp down on illicit flows of oil and petrochemical products from Iran to China. The Department of the Treasury accused six of the firms of helping Hong Kong-based broker Triliance Petrochemical continue sales, including efforts to “hide or otherwise obscure its involvement in sales contracts.” Treasury sanctioned Triliance in January. Treasury sanctioned Iran-based Zagros Petrochemical; UAE-based Petrotech and Trio Energy DMCC; and Hong Kong-based Jingho Technology, Dynapex Energy and Dinrin. The Department of State separately sanctioned […]