Trump Targets Iran's Nuclear Ambitions and Regional Influence With New Sanctions
President Donald Trump has announced new sanctions against Iran, targeting its nuclear ambitions and financial support for regional conflicts. The measures come as Israel and Hamas reached a ceasefire in Gaza, and the U.S. plans a Middle East visit.
Trump noted Iran's backing for the Gaza truce but stressed that Iran must not acquire a nuclear weapon. The U.S. Treasury, led by Secretary Scott Bessent, aims to 'degrade Iran's cash flow' by dismantling key parts of its export system. This is the fourth round of U.S. sanctions targeting Chinese buyers of Iranian crude.
The State Department has sanctioned Jiangyin Foreversun Chemical Logistics, the first China-based terminal blacklisted for receiving Iranian petrochemical cargoes. The U.S. also targeted the Rizhao Shihua Crude Oil Terminal in China for accepting shipments from Iranian-linked tankers. Around 100 individuals, companies, and vessels have been sanctioned for aiding Iran's oil and petrochemical trade. Among them is Shandong Jincheng Petrochemical Group, an independent refinery in China, for importing Iranian crude since 2023. The U.S. argues that revenue from these networks funds Iran's nuclear and missile programs and supports allied militant groups.
The U.S. continues its efforts to curb Iran's nuclear program and limit its influence in the region. These sanctions, targeting Iran's financial lifelines, aim to pressure Tehran into negotiations. President Trump's upcoming Middle East trip is expected to further discuss these issues and the broader regional situation.
