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U.S. sanctions Chinese refinery importing Iranian oil

  • The U.S. Treasury Department sanctioned a China-based refinery on Wednesday for importing Iranian oil.
  • President Trump's administration aims to increase pressure on Iran to restore the maximum pressure campaign.
  • The Treasury accused the refinery of purchasing over $1 billion of Iranian crude through Iran's shadow fleet.
  • Treasury Secretary Bessent stated the U.S. will disrupt those supporting Iran's oil chain, used to fund terrorist proxies.
  • These sanctions are part of six rounds targeting Iranian oil sales amid indirect talks, aiming for a new agreement.
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  • 42% of the sources are Center, 42% of the sources lean Right
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CNBC broke the news in United States on Wednesday, April 16, 2025.
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