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flag U.S. sanctions target Chinese oil firms and Iranian tankers to curb Iran's nuclear program funding.

flag The U.S. has imposed new sanctions on Iran, targeting Chinese oil refineries and vessels involved in Iranian oil trade. flag The Treasury sanctioned a Chinese refinery and its CEO, Wang Xueqing, for purchasing Iranian crude oil worth $500 million. flag This move is part of the "maximum pressure" campaign to reduce Iran's oil exports to zero, aiming to cut off funding for Iran's nuclear program and support of terrorism. flag Sanctions also hit an Iranian "shadow fleet" of tankers and a Chinese oil terminal. flag The U.S. seeks to negotiate with Iran but warns of military action if talks fail.

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