Washington Targets China’s Teapots in New Oil Crackdown

Cracking Down on Iran's Petrochemical Trade: U.S. Sanctions Shake Global Oil Market

Cracking Down on Iran's Petrochemical Trade: U.S. Sanctions Shake Global Oil Market In a significant move, the United States imposed sanctions on approximately 100 individuals, entities, and vessels involved in Iran's oil and petrochemical trade. Among the targets were Chinese independent refineries like Shandong Jincheng Petrochemical Group and the Rizhao Shihua Crude Oil Terminal, which have been pivotal in handling Iranian oil since 2023.The …

Washington Targets China’s Teapots in New Oil Crackdown

Washington is flexing again—this time hitting China in a fresh sanctions blitz aimed at choking off Iran’s oil cash flow and tightening the screws on Moscow’s influence in the Balkans.