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U.S. Expands Sanctions on Iranian Oil Trade with Focus on Chinese Entities

The latest measures target a China-based refinery and Iran's shadow fleet, reinforcing Trump's maximum pressure strategy and coinciding with nuclear negotiations.

Overview

  • The U.S. sanctioned Shandong Shengxing Chemical Co., Ltd, a Chinese teapot refinery, for purchasing over $1 billion in Iranian crude oil.
  • Additional sanctions were imposed on companies and vessels tied to Iran's shadow fleet, which facilitates oil shipments to China.
  • This marks the sixth round of sanctions targeting Iranian oil exports since February 2025 under Trump's maximum pressure campaign.
  • The sanctions aim to disrupt Tehran's oil revenues used to fund nuclear and missile programs, as well as destabilizing regional activities.
  • These actions coincide with renewed nuclear negotiations between the U.S. and Iran, with recent talks in Oman and upcoming discussions in Rome.

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