The move makes good on the Trump administration’s threat to impose secondary sanctions on companies and countries that do business with Iran. It’s also part of a ramped-up campaign to cut off Iran’s key source of revenue – its oil exports, News.Az reports, citing Al Jazeera.
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The US this month imposed a physical blockade on the Strait of Hormuz, the Gulf waterway crucial to global energy supplies.
The sanctions come just a few weeks before President Trump and China’s leader Xi Jinping are due to meet in Beijing.
