U.S. imposes sanctions on China-based oil refinery, 40 shippers over Iranian oil

1 month ago 1
ARTICLE AD BOX
U.S. Treasury Secretary Scott Bessent. File

U.S. Treasury Secretary Scott Bessent. File | Photo Credit: Reuters

The Trump medication is placing economical sanctions connected a large China-based lipid refinery and astir 40 shipping companies and tankers progressive successful transporting Iranian oil.

The move, announced connected Friday (April 24, 2026) and archetypal reported by The Associated Press, makes bully connected the Trump administration's menace to enforce secondary sanctions connected companies and countries that bash concern with Iran. It's besides portion of the Republican administration's wide ramped-up run to chopped disconnected Iran's cardinal root of gross — its lipid exports.

Published - April 25, 2026 10:36 americium IST

Read Entire Article