The Trump administration has imposed sanctions on a Chinese refinery for buying Iranian crude oil, as Washington increasingly pushes Beijing to rein in oil purchases from the country to increase the pressure on Tehran.
The Treasury department targeted Shandong Shengxing Chemical for allegedly buying more than $1bn in Iranian crude oil from sources that included a front company for Iran’s Islamic Revolutionary Guard Corps in violation of US sanctions.
The measure marks the second time in a month that President Donald Trump has put sanctions on a “teapot” refinery — a term for independent Chinese refineries that are the main buyers of Iranian crude.
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