Russia & Hengli Petrochemical (Dalian) Refinery

Russia: Russia is involved in diplomatic efforts, with its top diplomat meeting Chinese President Xi Jinping and speaking to his Iranian counterpart, and has offered to hold Iran's enriched uranium.

Hengli Petrochemical (Dalian) Refinery: Hengli Petrochemical (Dalian) Refinery's facility in Dalian has been sanctioned by the United States for receiving Iranian crude oil shipments, impacting its operations and international trade.

Russia: Russia was mentioned by Scott Bessent as a country that, along with China, should stop blocking initiatives at the United Nations regarding commercial shipping in the Strait of Hormuz.

Hengli Petrochemical (Dalian) Refinery: Hengli Petrochemical (Dalian) Refinery is one of the Chinese independent refiners that the US has sanctioned for purchasing Iranian crude, leading to China's Ministry of Commerce ordering companies not to comply with these sanctions.

Russia: The United States Treasury issued temporary sanctions waivers on Russia oil to help quell the impact of rising oil prices, indicating a broader concern about global energy markets.

Hengli Petrochemical (Dalian) Refinery: 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.