U.S. Warns Hong Kong Banks Over Iran Oil Sales

The United States is looking to close all loopholes Iran is using to sell its oil to China and warned Hong Kong-based banks last month against facilitating Iranian oil sales to Chinese buyers, Bloomberg reported on Friday, citing unnamed sources with knowledge of the development.   In early April, a delegation from the U.S. Department of the Treasury visited Hong Kong, met with bankers in the city, and warned them against allowing Iran to use their services to facilitate payments in the Iran-China oil trade.   The U.S. Treasury…