U.S. Imposes Sanctions on Chinese Refinery for Purchasing Iranian Oil
The U.S. Treasury has imposed sanctions on Hengli Petrochemical (Dalian) Refinery in China for purchasing Iranian oil, targeting it as one of Iran's largest customers. The move also includes sanctions on 40 shipping companies and vessels linked to Iran's shadow fleet. China has criticized the sanctions as politically motivated and harmful to trade.
Topics: Hengli Petrochemical Iranian oil regulatory action sanctions U.S.-China trade