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10.10.2025 18:30:00

China Vows to Protect Its Firms amid Fresh US Oil Sanctions Barrage

China vowed on Friday to protect the rights and interests of Chinese companies after the U.S. unleashed on Thursday a new sanctions package on Chinese entities for importing crude oil from Iran. The U.S. Treasury on Thursday blacklisted around 100 individuals, vessels, and companies—including China’s Shandong Jincheng Petrochemical Group, a Shandong teapot refinery accused of buying millions of barrels of Iranian crude since 2023. Also sanctioned were the Rizhao Shihua Crude Oil Terminal at Lanshan Port, accused of handling Iran’s…Weiter zum vollständigen Artikel bei OilPrice.com