US imposes sanctions targeting Iran’s oil network in China

Apr 25, 2026 - 02:00
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US imposes sanctions targeting Iran’s oil network in China
The Treasury Department on Friday announced new sanctions on a Chinese oil refinery and dozens of shipping firms and vessels, including those with ties to Hong Kong, in a bid to disrupt Iran’s oil exports.  The sanctions take aim at a main revenue stream for Iran, ahead of high-stakes talks between the U.S. and Iran…