Treasury imposes sanctions on Chinese refinery Hengli for buying oil from Iran
U.S. Sanctions Target Chinese Oil Refinery Tied to Iran The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) imposed sanctions on a significant Chinese oil refinery and numerous ships associated with Iran’s so-called “shadow fleet,” intensifying efforts to impede Iran’s primary revenue stream. In a recent press release, officials pointed out that these sanctions […]