China ordered domestic firms to ignore US sanctions on private oil refiners linked to Iran, including Hengli Petrochemical. This defiance challenges US leverage and impacts global energy supply chains
China ordered domestic firms to disregard US sanctions on five refiners linked to Iranian oil trade, including Hengli Petrochemical, citing violations of international norms to mitigate penalty impact
China's Commerce Ministry issued an injunction blocking U.S. sanctions on five Chinese refiners accused of purchasing Iranian oil. The move prevents compliance with U.S. Treasury measures targeting ma
The US Treasury warned financial institutions against facilitating transactions with Chinese refiners importing Iranian oil, citing secondary sanction risks. The move impacts private processors in Sha
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