U.S. Considering New Sanctions On Iranian Oil Sales To China: WSJ

U.S. Considering New Sanctions On Iranian Oil Sales To China: WSJ

The sanctions may go into effect if Iran does not agree to a nuclear deal, U.S. officials told The Wall Street Journal.

Andrew H. Sweet

The U.S. is mulling alternative options to encourage Iran to stay at the negotiating table or up the cost of leaving it, U.S. officials and people familiar with the matter told the WSJ.

One option under consideration would reduce Iran's growing crude sales to China, the newspaper reported.

Beijing is Tehran's main oil client. In the plan under consideration, the U.S. would take aim at Iran's oil sales to China by targeting shipping networks that help export an estimated one million barrels per day.

The Biden administration has recently announced the blacklisting of Iranians for alleged violations of the oil-trade sanctions.

Read the original story here.

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