The United States imposed sanctions on roughly 100 individuals, entities, and vessels, including a Chinese independent refinery and terminal that facilitated Iran's oil and petrochemical trade, the administration of President Donald Trump announced on Thursday.
The Treasury Department targeted the Shandong Jincheng Petrochemical Group, described as an independent teapot refinery in Shandong Province that has purchased millions of barrels of Iranian oil since 2023.
Also sanctioned was the China-based Rizhao Shihua Crude Oil Terminal, which operates at Lanshan Port. Treasury said the terminal has accepted more than a dozen vessels from Iran’s so-called shadow fleet, which evade sanctions. These tankers included Kongm, Big Mag, and Voy, which transported several million barrels of Iranian o