US sanctions network that helps ship Iranian oil to China

The US treasury imposed sanctions on over a dozen individuals and firms accused of helping ship Iranian oil to China. Targets included entities in China, India, and the UAE. Treasury secretary Scott Bessent criticized Iran for using oil revenues to fund nuclear and missile programs. President Trump reiterated the US's stance against Iran's nuclear ambitions, stating the country cannot have a nuclear bomb, and warned of severe consequences if Iran harms him.