US sanctions China's 'teapot' refinery & 40 shipping companies over Iran oil trade

9Lej Gain
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The US has tightened its grip on Iran's oil revenue by sanctioning a major Chinese refinery and numerous shipping entities involved in transporting Iranian crude. This move targets a "shadow network" and escalates pressure amid regional tensions. China has criticized the sanctions, urging an end to their political use and warning of harm to legitimate trade.

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