The US has announced new sanctions targeting three individuals and nine companies accused of facilitating Iran’s oil shipments to China. The action is designed to disrupt funding flowing to Iran’s Islamic Revolutionary Guard Corps and its weapons programs. Coming after earlier measures, the move also sets the stage for a planned meeting between US and Chinese leaders.
China has escalated trade tensions by issuing its first formal blocking measure, telling domestic firms not to comply with US sanctions tied to five petrochemical refiners linked to Iran oil trade. The Commerce Ministry called the US action a violation of international law. The order marks a new phase in China-US economic friction and sanctions enforcement.
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China’s Commerce Ministry has issued an injunction blocking U.S. sanctions against five Chinese oil refineries, including Hengli Petrochemical. The U.S. Treasury accused the firms of buying oil from Iran. China argues the measures violate international law and says the ruling prevents the U.S. from recognizing or implementing the sanctions.
The US Treasury has imposed new sanctions on China’s Hengli Petrochemical and a network of roughly 40 shipping firms and tankers involved in transporting Iranian oil. The move escalates pressure on Tehran ahead of upcoming diplomatic talks in Pakistan, signaling tighter enforcement against Iran-linked trade and maritime activity.
Weeks ahead of Trump’s planned meeting with Xi Jinping, the US administration sanctioned China’s Hengli Petrochemical refinery and about 40 shipping firms and tankers tied to transporting Iranian oil. The action, reported by AP, coincides with intensified pressure in the region, including a blockade of the Strait of Hormuz, signaling a hard line on Iran-linked trade.
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