US imposes sanctions on a China-based oil refinery and 40 shippers over Iranian oil
Published on: April 24, 2026, 11:47 p.m. | Source: The Economic Times
The Trump administration has imposed economic sanctions on a major Chinese oil refinery and dozens of shipping companies for their involvement in transporting Iranian oil. This action aims to cut off Iran's oil revenue and follows threats of secondary sanctions on entities doing business with the country.
