China-Iran oil network – Charm

The US Treasury Department also sanctioned China-based Rizhao Shihua Crude Oil Terminal Co. Treasury said it has accepted more than a dozen of Iran's so-called shadow fleet vessels that evade the sanctions. REUTERS/Brian Snyder/File Photo

US cracks down on China-Iran oil trade: Sanctions 100 individuals, Chinese refineries, and fleet vessels

Cs news4 months ago02 mins

The United States on Thursday announced sanctions on around 100 individuals, entities, and vessels, including Chinese companies, accused of facilitating Iran’s oil and petrochemical exports, the Treasury Department said. Among those targeted were Shandong Jincheng Petrochemical Group Co, described as an independent “teapot” refinery in Shandong Province that purchased millions of barrels of Iranian oil…