US sanctions Iran’s oil trade network in China

The United States imposed new sanctions on Iran’s oil‑export network, designating the Chinese Hengli Petrochemical refinery and roughly 40

The United States took additional action against Iran’s oil trade on Friday, a move to further disrupt Tehran’s primary income avenues. The decision affects a major Chinese refinery, Hengli Petrochemical, and nearly 40 other targets, including vessels and their owners or managers. The refinery is part of the Hengli Group, a company active in oil […] US sanctions Iran’s oil trade network in China