World

US imposes sanctions on 35 more Iranian entities and individuals

Published by
Abdul khalique

WASHINGTON: The US has imposed sanctions on 35 Iranian entities and individuals in Iran’s banking sector.

According to the US Treasury Department, these entities and individuals helped to smuggle billions of dollars’ worth of oil.

The US has threatened to impose sanctions on Iranian banks that are working with Chinese refineries that are paying tolls to get their ships out of the Strait of Hormuz.

The US Office of Foreign Assets Control (OFAC) has also warned companies that pay tolls to the Iranian government, saying that several independent Chinese companies in the Chinese province of Shandong import or refine Iranian oil.

Abdul khalique

Recent Posts

PTA warns users against sharing unlawful online content

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) has issued a warning for mobile phone users against…

12 hours ago

Iranian President lauds Pakistan’s peace efforts during key meetings

ISLAMABAD: Iranian President Dr. Masoud Peshkeskian met President Asif Ali Zardari and Prime Minister Shehbaz…

12 hours ago

Govt approves reduced property tax rates, new income tax slabs for salaried class

ISLAMABAD: The government has approved a reduction in advance tax rates on property buyers and…

13 hours ago

CDF Asim Munir meets Iranian President, discusses regional situation following US-Iran talks

RAWALPINDI: Chief of Army Staff, Field Marshal Syed Asim Munir, met with Iranian President Masoud…

15 hours ago

Solar panels, batteries rates drop amid reduction in petrol price

LAHORE: Following the reduction of petroleum prices, solar panels and batteries witnessed a sharp fall…

15 hours ago

SBP announces two bank holidays

ISLAMABAD: State Bank of Pakistan (SBP) has declared a two-day public holiday for Ashura (9th &…

15 hours ago