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Source: https://home.treasury.gov/news/press-releases/sm1168
U.S. Sanctions Companies over Purchase, Sale of Iran Oil
(U.S. Treasury Department) The U.S. Treasury Department last Thursday sanctioned eight entities in Iran, China and Singapore for buying and selling Iranian petrochemical products. "The United States remains committed to targeting any revenue source the Iranian regime uses to fund terrorist groups and oppress the Iranian people," said Treasury Secretary Steven Mnuchin. Foreign financial institutions that knowingly facilitate significant transactions for the persons designated risk exposure to sanctions that could sever their access to the U.S. financial system or block their property under U.S. jurisdiction.