The Treasury Department on Friday sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.
The move, shared with The Epoch Times ahead of the announcement, marks the latest measure from the Trump administration to cut off a key revenue source for Iran, which authorities said has enabled Tehran’s “reckless activities throughout the Middle East” and its capacity to threaten American interests.
The targeted Chinese company is Hengli Petrochemical (Dalian) Refinery Co., the second largest independent oil refinery in China and one of Iran’s largest customers for crude oil and other petroleum products. The Treasury Department said Hengli has purchased Iranian petroleum worth billions of dollars….
Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels
