China sanctioned over Iran arms sales

The US has imposed Iran-related sanctions on five Hong-Kong shipping companies, one Australian entity and one Chinese investment group, the US Department of the Treasury said, Sputnik News reported.

Delight Shipping Co Ltd, Gracious Shipping Co Ltd, Noble Shipping Co Ltd, Reach Holding Group, Reach Shipping Lines, Supreme Shipping Co Ltd were added to the Specially Designated Nationals list, according to the statement.

This is big..with everything else going on, this is big.

Relations just took another nose dive.

Will this lead to a total breakdown in trade relations? This can only lead to escalation, I don’t think they’re throwing Iran under the bus.

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