Sanctions

Some measures are mandated by law and will have to be removed or amended by the US Congress

Teheran and Washington prepare for talks on a deal to end the war

The high-profile forum comes a day after the country released data showing the world’s second-largest economy slumped in May

Lack of additions to list seen likely placing more US goods and technology in adversaries’ hands

The final deal would be discussed within 60 days following agreement from both sides

Hengli said in late April it would seek a legal path for removal from the sanctions list

8 vessels involved in transporting Iranian crude oil and petroleum products to global markets were also sanctioned

The company’s Ascend chip series has become increasingly central to powering Chinese artificial intelligence models

The company’s main offshore unit is set to shut this month