💨 Abstract

The U.S. has imposed new sanctions on over 30 entities involved in Iran's oil industry, including brokers, tanker operators, and shipping companies. The aim is to reduce Iran's oil exports and prevent the country from obtaining nuclear weapons. The sanctions target entities in the UAE, Hong Kong, India, China, and Iran, and prohibit U.S. individuals or entities from doing business with the targets.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖