US EditionUS Sanctions Chinese Refinery, Terminals and Captains Targeting Iranian Oil
- On May 8, the Trump administration sanctioned Hebei Xinhai Chemical Group and three Chinese port terminal operators for facilitating Iranian oil shipments in China.
- The sanctions followed previous measures targeting smaller Chinese refiners and aim to increase pressure on Iran's oil revenue amid ongoing nuclear talks.
- Hebei Xinhai, described as a teapot refinery, received multiple shipments worth hundreds of millions of dollars, while port operators handled over a million barrels from Iran's shadow fleet.
- Treasury Secretary Scott Bessent affirmed that the United States is committed to increasing efforts against every part of Iran’s oil distribution network to cut off funding for its destabilizing activities.
- These sanctions represent a continuation of the maximum pressure campaign to restrict Iran's nuclear program funding and deter global partners from aiding its oil exports.
38 Articles
38 Articles
US Imposes Iran-Related Sanctions on Third China ‘Teapot’ Refinery, Port Terminal
USA and Iranian flags are seen in this illustration taken Sept. 8, 2022. Photo: REUTERS/Dado Ruvic US President Donald Trump’s administration on Thursday imposed sanctions on a third Chinese independent, or “teapot” oil refinery and port terminal operators in China for purchases of Iranian oil ahead of an expected fourth round of US-Iran nuclear talks. The US Treasury designated the Hebei Xinhai Chemical Group refinery and three companies for op…
U.S. Sanctions Disrupt Chinese Teapots’ Purchases of Iranian Oil
Independent Chinese refiners have started to experience difficulties in procuring cheap Iranian crude oil while others have stopped purchases from Iran, after the United States sanctioned two independent refiners in the past two months, sources with knowledge of the issue have told Reuters. Chinese crude oil imports topped 12 million barrels per day (bpd) in March, the highest volume since August 2023, as flows of Iranian and Russian crude rebou…
Trump targets Iranian oil with sanctions, increasing pressure on Islamic Republic to make deal on nukes
Iranian oil was hit with a new slate of Trump sanctions on Thursday – a move that increases pressure on the Islamic Republic to make a deal with the U.S. to prevent nuclear proliferation.
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