The US has tightened its grip on Iran’s oil revenue by sanctioning a major Chinese refinery and numerous shipping entities involved in transporting Iranian crude. This move targets a “shadow network” and escalates pressure amid regional tensions. China has criticized the sanctions, urging an end to their political use and warning of harm to legitimate trade.
Business
US sanctions China’s ‘teapot’ refinery & 40 shipping companies over Iran oil trade
- by The News Vista
- April 25, 2026
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