The US just slapped sanctions on a Chinese refinery for buying Iranian oil.
According to Reuters, the Hengli refinery is accused of funnelling hundreds of millions to Iran’s military.
And the Treasury isn’t done.
This is a major escalation—targeting the very source of Iran’s oil revenue through China.
But here’s what’s interesting: it’s a “teapot” refinery, not a state-run giant.
Does this mean Washington is tightening the screws on smaller players next?
📸 (Image: AI Illustration)
#IranSanctions #ChinaOil
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