US escalates crackdown on Iran oil trade, sanctioning third Chinese energy facility in a month

US sanctions Chinese refinery Shandong Shengxing and several global shipping companies for facilitating Iranian oil sales, escalating efforts to cut Iran's crude exports

US Secretary of the Treasury Scott Bessent
US Secretary of the Treasury Scott BessentPhoto: REUTERS/SCANPIX
Published 17 April 2025, 07:44Updated 17 April 2025, 09:04
ChinaIranUnited StatesTrump TariffsAmericas