International
The United States, under the Trump administration, has imposed sanctions on Hengli Petrochemical (Dalian) Refinery, a major Chinese 'teapot' refinery, for purchasing billions of dollars worth of Iranian oil. This action is part of a…
Impact: The United States imposed sanctions on Hengli Petrochemical (Dalian) Refinery for purchasing Iranian oil, cutting it off from the U.S. financial system and penalizing anyone doing business with it. This action targets one of Iran's largest crude oil customers.
Apr 24, 2026 · 52 articles