US Sanctions Chinese Refinery for Iranian Oil Deals
The Treasury Department sanctioned Hengli Petrochemical and 40 vessels for handling Iranian oil. The move aims to tighten financial pressure on Tehran today.
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The United States government has escalated its economic pressure on Tehran by imposing new sanctions on a major independent refinery in China. The Treasury Department announced on Friday that it is targeting Hengli Petrochemical (Dalian) Refinery Co for its role in purchasing billions of dollars worth of crude oil from Iran.
