Tanker Bound for China Diverted After U.S. Sanctions Hit Rizhao Port ...Middle East

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Tanker Bound for China Diverted After U.S. Sanctions Hit Rizhao Port
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A Very Large Crude Carrier heading for the Chinese port of Rizhao has been diverted to another port, after the U.S. Treasury imposed sanctions on the Rizhao oil terminal as part of a new pressure campaign on China for its purchases of Iranian crude. Washington announced the new sanctions at the end of last week, targeting more than 100 individuals, tankers, and an independent refiner, along with the Rizhao Shihua Crude Oil Terminal. “The Treasury Department is degrading Iran's cash flow by dismantling key elements of Iran's energy export…

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