The US Treasury Department has sanctioned Chinese refinery Hebei Xinhai Chemical Group and three Shandong port terminal operators for purchasing Iranian oil during ongoing nuclear talks, targeting entities involved in facilitating significant oil transactions. Treasury Secretary Scott Bessent emphasized the US’s commitment to increasing pressure on Iran’s oil supply chain to hinder its destabilizing activities. This marks the third action against a teapot refinery and comes amid postponed nuclear negotiations, with President Trump warning of military action if a new agreement is not reached.
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