The US imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the sale of Iranian petrochemicals.
Specifically, the U.S. Treasury Department blacklisted four entities for enabling the export of Iranian petrochemical products by Triliance Petrochemical Co. Ltd, which was hit with sanctions by Washington earlier this year.
The US also targeted Vietnam Gas and Chemicals Transportation Corporation over its connection with significant transactions for the transport of petroleum products from Iran.
As of now, the Trump administration has imposed sanctions nearly daily over the past several weeks, many targeting Iran.
The action placed sanctions on China-based Donghai International Ship Management Ltd, China-based Petrochem South East Limited, UAE-based Alpha Tech Trading FZE and UAE-based Petroliance Trading FZE for providing support to Triliance Petrochemical Co Ltd.
These sanctions froze any U.S. assets of the companies and barred Americans from dealing with them. Foreign financial institutions that knowingly facilitate transactions for those blacklisted also risk being hit with sanctions.