Chinese oil refiners face US blacklisting over Iranian oil imports

8 articles · Updated · Bloomberg · Apr 28

The US Treasury's Office of Foreign Assets Control warned that independent Chinese refiners, mainly in Shandong province, risk sanctions for importing and processing Iranian oil.
This move increases economic pressure on Iran and could heighten tensions with China ahead of a planned summit between US and Chinese leaders.
The warning targets financial institutions linked to these transactions, signaling Washington's intent to enforce sanctions more strictly on entities circumventing restrictions on Iranian oil.

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