US sanctions on China’s Hengli mark escalation in Iran oil crackdown (opens in new tab)

The U.S. Treasury imposed sanctions on China’s Hengli Petrochemical (Dalian) Refinery on Friday, accusing it of buying billions of dollars in Iranian oil, in a significant escalation of Washington’s long-running effort to curb Tehran’s oil revenue. The firm’s Shanghai-listed parent firm Hengli Petrochemical denied doing business ​with Iran and said the sanctions lack factual and […] The post US sanctions on China’s Hengli mark escalation in Iran oil crackdown appeared first on OODAloop.