US_ Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels (Eva Fu - THE EPOCH TIMES)

THE EPOCH TIMES

Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels

The Chinese refinery has generated hundreds of millions of dollars in revenue for the Iranian military, officials said.

Treasury Secretary Scott Bessent arrives to testify before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 5, 2026. Madalina Kilroy/The Epoch Times

Eva Fu
Reporter
4/24/2026|Updated: 4/24/2026


The Treasury Department on Friday sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.

The move, shared with The Epoch Times ahead of the announcement, marks the latest measure from the Trump administration to cut off a key revenue source for Iran, which authorities said has enabled Tehran’s “reckless activities throughout the Middle East” and its capacity to threaten American interests.

The targeted Chinese company is Hengli Petrochemical (Dalian) Refinery Co., the second largest independent oil refinery in China and one of Iran’s largest customers for crude oil and other petroleum products. The Treasury Department said Hengli has purchased Iranian petroleum worth billions of dollars.

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READ MORE: https://www.theepochtimes.com/us/treasury-sanctions-iran-linked-chinese-oil-refinery-40-vessels-6016886?ea_src=frontpage&ea_med=section-1

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