U.S. Imposes Sanctions on Chinese Teapot Refinery for Buying Iranian Oil

Olivier DOULIERY / AFP

The Trump administration said on Friday it imposed sanctions on an independent “teapot” refinery in China for buying billions of dollars’ worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.

The Treasury Department targeted Hengli Petrochemical (Dalian) Refinery, which it said is one of Iran’s largest customers of crude oil and petroleum products. The department’s Office of Foreign Assets Control said it also imposed sanctions on about 40 shipping companies and vessels that operate as part of Iran’s shadow fleet.

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by Reuters

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