The U.S. imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran’s oil and petrochemicals trade, the administration of President Donald Trump said on Thursday. The Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province that has purchased millions of barrels of Iranian oil since 2023. As directed by @POTUS’ maximum pressure campaign, Treasury is dismantling key elements of Iran’s complex energy export machine. Treasury is targeting a network involved in moving hundreds of millions of dollars’ worth of Iranian liquefied…
US imposes sanctions on China refinery, others for Iran oil purchases
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