US Slaps Sanctions On Chinese Refinery For Buying Iranian Crude Oil Worth Over ₹1 Billion

The United States has imposed strict sanctions on Shandong Shengxing Chemical Co., Ltd, a Chinese independent "teapot" refinery, for purchasing over $1 billion worth of Iranian crude oil. This action, announced on April 16, 2025, is part of Washington’s ongoing campaign to halt Iran’s illicit oil exports, with a particular focus on curbing transactions involving China.The sanctions also extend to
The United States has imposed strict sanctions on Shandong Shengxing Chemical Co., Ltd, a Chinese independent "teapot" refinery, for purchasing over $1 billion worth of Iranian crude oil. This action, announced on April 16, 2025, is part of Washington’s ongoing campaign to halt Iran’s illicit oil exports, with a particular focus on curbing transactions involving China.The sanctions also extend to
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