US slaps sanctions on China refinery, other firms over Iran oil imports

The US imposed sanctions on about 100 individuals, entities, and vessels, including a Chinese independent refinery and terminal, that supported Iran’s oil and petrochemicals trade, the administration of President Donald Trump said on Thursday.

The Treasury Department sanctioned Shandong Jincheng Petrochemical Group, described as an independent teapot refinery in Shandong Province that purchased millions of barrels of Iranian oil since 2023.