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

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

//business-finance.news-articles.net/content/202 .. ctions-on-oil-tankers-china-teapot-refinery.html

Published in Business and Finance on Thursday, March 20th 2025 at 22:21 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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 ]

Publication Contributing Sources

Reuters

N🟁N

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