US sanctions China’s ‘teapot’ refinery for buying Iranian oil

The United States has sanctioned a Chinese oil refinery for buying hundreds of millions of dollars worth of Iranian oil.

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Hengli is “one of Tehran’s most valued customers” and has generated hundreds of millions of dollars in revenue for the Iranian military.

— US Treasury Department

China gets more than half of its oil from the Middle East.

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Last year China purchased more than 80 percent of Iran’s shipped oil.

— Kpler

The US Navy has blockaded Iranian ports since April 13.

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The U.S. Treasury sanctioned a major Chinese oil refinery and dozens of ships tied to Iran's 'shadow fleet'.

— U.S. Treasury's Office of Foreign Assets Control (OFAC)

Hengli Petrochemical has received Iranian oil cargoes from sanctioned shadow fleet vessels since at least 2023.

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Economic Fury is imposing a financial stranglehold on the Iranian regime.

— Treasury Secretary Scott Bessent

The Treasury Department identified these 'shadow fleet' vessels as the financial lifeline for Iran's 'unstable regime'.

— Treasury Department

Hengli has also purchased oil tied to Iran’s armed forces, generating hundreds of millions of dollars for the Iranian military.

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