WASHINGTON (AP) — The Trump administration is penalizing a Chinese company and its top executive for violating U.S. restrictions on dealing with Iran.
Secretary of State Mike Pompeo says the U.S. is imposing sanctions on Zhuhai Zhenrong (ZHOO-hi ZHEN-wrong) Limited and its chief executive for violating restrictions on Iran's oil industry.
Pompeo announced the measures Monday in a speech in Orlando to the VFW.
The U.S. sanctions are part of the Trump administration's effort to increase pressure on Iran by starving its economy. Oil exports are Iran's largest source of foreign income and the U.S. campaign has raised tensions between the two countries.
China has continued to import Iranian oil as other countries have stopped out of fear of U.S. penalties.
Before you consider Oi S.A. American Depositary Sha, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oi S.A. American Depositary Sha wasn't on the list.
While Oi S.A. American Depositary Sha currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
