U.S. Penalizes Chinese Companies for Aiding Iran’s Oil Exports

…“China is principally responsible for keeping the Iranian regime in business through oil purchases that have totaled $38 billion since President Joe Biden assumed office,” the nonprofit group United Against a Nuclear Iran said in a report last week. “China has therefore proven to be the savior of Tehran by continuing to import millions of barrels of oil every single day,” the group said, calling for tougher U.S. action against Chinese entities. A State Department spokesman said on Wednesday that some public estimates of Iranian oil trade with China “have been inflated.”