Oil tanker near terminal at Kharg Island in Iran

    Treasury sanctions Chinese refinery Hengli over Iran oil purchases

    NEWYou can now listen to Fox News articles! The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Friday sanctioned a major Chinese oil refinery and dozens of ships tied to Iran’s “shadow fleet,” escalating efforts to choke off Tehran’s main source of revenue. Officials said in a press release the move targets Hengli Petrochemical,…

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