The United States imposed new sanctions Thursday targeting nearly 100 individuals, entities and vessels connected to Iran’s oil and petrochemical trade, including companies that have facilitated shipments of Iranian liquefied petroleum gas (LPG) to Sri Lanka. According to the U.S. Treasury Department, Chinese-linked traders Slogal Energy DMCC and Markan White Trading were involved in supplying Iranian-origin LPG to Sri Lanka. The sanctions could disrupt those supply chains and increase costs or delays for Sri Lankan importers, as global firms seek to avoid dealings with designated entities. The broader sanctions package includes measures against Chinese refineries and shipping terminals accused of…
Sri Lanka linked to U.S. sanctions on Iran’s oil network
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth