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US slaps Iran-related sanctions on oil tankers, China 'teapot' refinery

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The U.S. on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot," or independent refinery, and vessels that supplied crude oil to such processing plants.
The U.S. has imposed sanctions on several oil tankers and a Chinese refinery, as well as a company in the United Arab Emirates, for their involvement in the trade of Iranian petroleum products, which contravenes U.S. sanctions against Iran. These actions are part of a broader effort to enforce U.S. sanctions that aim to restrict Iran's oil exports, thereby limiting its financial resources. The targeted entities include tankers like the Artura, Bella, and others, along with the Chinese refinery known as the "teapot" refinery, and a UAE-based company, all accused of facilitating the transport and sale of Iranian oil. This move reflects ongoing tensions and the U.S.'s strategy to pressure Iran economically, amidst concerns over its nuclear program and regional activities.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/us-slaps-iran-related-sanctions-on-oil-tankers-china-teapot-refinery/ar-AA1BkQ2B ]