The Biden administration issued a new round of sanctions Monday targeting the sale of Iranian oil and petrochemical products to East Asia, dialing up the pressure on Iran to resume compliance with the tattered nuclear agreement.
The Treasury Department sanctioned four companies in Hong Kong, Malaysia and the United Arab Emirates that it said were used by Persian Gulf Petrochemical Industry Commercial Co., one of Iran's largest petrochemical brokers, to facilitate the sale of tens of millions of dollars’ worth of Iranian petroleum and petrochemical products.
