The United States has imposed sanctions on China-based oil refinery and dozens of firms and tankers over accusations of shipping Iranian oil, the Associated Press reported. Track updates on Iran-US war
File photo of President Donald Trump and Chinese President Xi Jinping. (REUTERS)
This marks Trump administration's fresh bid to choke Iran's oil exports, its key source of revenue. The US administration led by President Donald Trump also imposed a physical blockade on the Strait of Hormuz, the Persian Gulf waterway that is crucial to global energy supplies.
Which Chinese refinery faces US sanctions
{{^htLoading}} {{/htLoading}}
{{^usCountry}}
China's Hengli Petrochemical’s facility in the port city of Dalian was included on US' list of facilities to be placed under sanctions. Hengli has a processing capacity of roughly 400,000 barrels of crude oil per day, making it one of the biggest independent refineries in China, according to AP.
{{/usCountry}}
{{#usCountry}}
China's Hengli Petrochemical’s facility in the port city of Dalian was included on US' list of facilities to be placed under sanctions. Hengli has a processing capacity of roughly 400,000 barrels of crude oil per day, making it one of the biggest independent refineries in China, according to AP.
{{/usCountry}}
The Treasury Department alleged that Hengli received Iranian crude oil shipments since 2023 and has generated hundreds of millions of dollars in revenue for the Iranian military.
The advocacy group United Against Nuclear Iran said in February 2025 that Hengli is one of dozens of Chinese purchasers of Iranian oil.
Treasury Secretary Scott Bessent said Friday that his agency “will continue to constrict the network of vessels, intermediaries and buyers Iran relies on to move its oil to global markets.”
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.
Get the latest headlines from US news and global updates from Pakistan, Nepal, UK, Bangladesh, Russia and US Iran war Live, get all the latest headlines in one place on Hindustan Times.
Get the latest headlines from US news and global updates from Pakistan, Nepal, UK, Bangladesh, Russia and US Iran war Live, get all the latest headlines in one place on Hindustan Times.
Home/World News/US slaps sanctions on China-based refinery, 40 shippers over Iran oil trade
{{^htLoading}}
Advertisement
{{/htLoading}}
SHARE THIS ARTICLE ON
{{#usCountry}}{{/usCountry}}
Hindustantimes wants to start sending you push notifications. Click allow to subscribe
