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April 25, 2026
U.S. sanctions Chinese refinery for Iranian oil purchases
- The U.S. Treasury imposed sanctions on Hengli Petrochemical for purchasing Iranian oil, a significant move amid ongoing peace talks with Tehran.
- The sanctions also affect around 40 shipping companies involved in Iran's oil trade, aiming to tighten financial restrictions on Iran.
- China's embassy criticized the U.S. for abusing sanctions, emphasizing that normal trade should not be impacted by these actions.
2 Sources
- U.S. imposes sanctions on Chinese 'teapot' refinery for buying Iranian oilApr 25, 2026 at 6:49 PM · CNBC
- US sanctions on China's Hengli mark escalation in Iran oil crackdownApr 29, 2026 at 10:58 AM · Reuters