Washington Targets China’s Teapots in New Oil Crackdown ...Middle East

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Washington Targets China’s Teapots in New Oil Crackdown
source : OILPRICE ( Middle East ) () 93
Washington is flexing again—this time hitting China in a fresh sanctions blitz aimed at choking off Iran’s oil cash flow and tightening the screws on Moscow’s influence in the Balkans. The U.S. Treasury on Thursday blacklisted around 100 individuals, vessels, and companies—including China’s Shandong Jincheng Petrochemical Group, a Shandong teapot refinery accused of buying millions of barrels of Iranian crude since 2023. Also sanctioned: the Rizhao Shihua Crude Oil Terminal at Lanshan Port, accused of handling Iran’s…

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