U.S. Targets Chinese Refiners in Escalated Push to Cripple Iran’s Oil Revenues
The United States has intensified sanctions against Iran, targeting a second Chinese oil refiner in its effort to curb Tehran’s access to international revenue streams. The Trump administration announced fresh penalties on Shengxing Chemical Co., a private “teapot” refinery located in China’s Shandong province, for allegedly purchasing over $1 billion worth of Iranian crude. This […]
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