US EditionUS Sanctions Chinese Refinery, Terminals and Captains Targeting Iranian Oil
- On May 8, the Trump administration sanctioned Hebei Xinhai Chemical Group and three Chinese port terminal operators for facilitating Iranian oil shipments in China.
- The sanctions followed previous measures targeting smaller Chinese refiners and aim to increase pressure on Iran's oil revenue amid ongoing nuclear talks.
- Hebei Xinhai, described as a teapot refinery, received multiple shipments worth hundreds of millions of dollars, while port operators handled over a million barrels from Iran's shadow fleet.
- Treasury Secretary Scott Bessent affirmed that the United States is committed to increasing efforts against every part of Iran’s oil distribution network to cut off funding for its destabilizing activities.
- These sanctions represent a continuation of the maximum pressure campaign to restrict Iran's nuclear program funding and deter global partners from aiding its oil exports.
17 Articles
17 Articles
US Imposes Iran-Related Sanctions on Third China ‘Teapot’ Refinery, Port Terminal
USA and Iranian flags are seen in this illustration taken Sept. 8, 2022. Photo: REUTERS/Dado Ruvic US President Donald Trump’s administration on Thursday imposed sanctions on a third Chinese independent, or “teapot” oil refinery and port terminal operators in China for purchases of Iranian oil ahead of an expected fourth round of US-Iran nuclear talks. The US Treasury designated the Hebei Xinhai Chemical Group refinery and three companies for op…
Trump targets Iranian oil with sanctions, increasing pressure on Islamic Republic to make deal on nukes
Iranian oil was hit with a new slate of Trump sanctions on Thursday – a move that increases pressure on the Islamic Republic to make a deal with the U.S. to prevent nuclear proliferation.
US Government Sanctions Chinese Entities Engaged in Iranian Oil Trade
The U.S. government is unveiling a new suite of sanctions targeting Chinese entities engaged in the distribution of Iranian oil. In a statement shared with The Epoch Times on May 8, the Treasury Department announced that it is blacklisting four entities in China for “their role in purchasing or facilitating the delivery of hundreds of millions of dollars’ worth of Iranian oil.” The sanctions target three port terminal operators and a “teapot ref…
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