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Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

On June 16, the United States sanctioned a network smuggling Iranian petrochemical products, a class of chemicals derived from oil and natural gas essential to manufacturing paints, plastics, solar panels, medicine and mobile phones that facilitate modern life. The goods were exported to China and other countries in East Asia. The Treasury Department named two men and nine companies operating in Iran, China, and the United Arab Emirates. The move marks a tightening of U.S.

The US on Thursday imposed sanctions on Kong Kong-based and Emirati companies, as well as a network of Iranian firms that help export the country’s petrochemicals, a step that might raise pressure on Tehran to revive the 2015 Iran nuclear deal. The US Department of the Treasury said it had imposed penalties on two companies based in Hong Kong, three in Iran and four in the United Arab Emirates (UAE), as well as on Chinese citizen Gao Jinfeng and Indian national Mohammed Shaheed Ruknooddin Bhore. “The United States is pursuing the path of meaningful diplomacy to achieve a mutual return to c...

With no nuclear deal with Iran in sight, the United States Treasury has slapped additional sanctions on companies based in Iran, China and the UAE