US sanctions Chinese oil trader for violating Iran restrictions: Pompeo
US Secretary of State Mike Pompeo announced sanctions on leading Chinese oil importer Zhuhai Zhenrong (AFP Photo/NICHOLAS KAMM)/ The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announced Monday. "As part of that maximum pressure campaign, I am announcing that the United States is imposing sanctions on the Chinese entity Zhuhai Zhenrong and its chief executive Youmin Li," Pompeo said in a speech. "They violated US law by accepting crude oil," ...
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