US EditionUS targets Chinese companies over drone components used by Hamas, Houthis
The US Treasury sanctioned over 50 entities linked to Iran’s oil exports, targeting shadow fleet vessels, terminals, and refineries to disrupt billions in revenue funding Tehran’s activities.
- The U.S. Treasury Department sanctioned over 50 entities linked to exporting Iranian energy, including Shandong Jincheng Petrochemical Group and Rizhao Shihua Crude Oil Terminal.
- On October 8, the U.S. added 15 Chinese companies to its restricted trade list for facilitating purchases of electronic components in drones used by Houthi and Hamas militants, including Arrow China Electronics Trading.
- The sanctions aim to disrupt operations of Chinese terminals linked to illicit oil trade while the U.S. targets drone component suppliers supporting Iranian proxies.
- The sanctions indicate U.S. commitment to disrupting Chinese port operators' activities regarding illicit Iranian oil, according to a statement by the Treasury Department.
119 Articles
119 Articles
China Vows to Protect Its Firms amid Fresh US Oil Sanctions Barrage
China vowed on Friday to protect the rights and interests of Chinese companies after the U.S. unleashed on Thursday a new sanctions package on Chinese entities for importing crude oil from Iran. The U.S. Treasury on Thursday blacklisted around 100 individuals, vessels, and companies—including China’s Shandong Jincheng Petrochemical Group, a Shandong teapot refinery accused of buying millions of barrels of Iranian crude since 2023. Also sanctione…
US Imposes Sanctions on China Refinery, Others for Iran Oil Purchases
The US imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, the administration of President Donald Trump said on Thursday. The Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province that has purchased millions of barrels of Iranian oil since 20…
New Strait Times
US imposes sanctions on China refinery, others for Iran oil purchases
WASHINGTON: The United States imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, the administration of President Donald Trump said on Thursday.
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