US Sanctions Chinese Refinery, Terminals and Captains Targeting Iranian Oil

The U.S. Department of the Treasury’s Office of Foreign Assets Control rolled out a further wave of sanctions again targeting Iran’s exports of crude oil and products to China, which remains the country’s largest buyer. In addition to sanctioning a third, independent Chinese oil refinery and six more tankers, the U.S. for the first time targeted terminal operators in China’s Shandong Province and two tanker captains it linked to the shadow fleet…