US sanctions Chinese oil trader for violating Iran restrictions: Pompeo

The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announced Monday. "As part of that maximum pressure campaign, I am announcing that the United States is imposing sanctions on the Chinese entity Zhuhai Zhenrong and its chief executive Youmin Li, Pompeo said in a speech.

"They violated US law by accepting crude oil," he said.