US imposes sanctions on China‑based oil terminal operator over Iran crude trade
Fast facts
- Category: Asia
- Language: EN
- Published: 2026-05-01 15:08 UTC
- Sources: South China Morning Post
The US State Department announced sanctions on Qingdao Haiye Oil Terminal Co. Ltd and Chinese national Li Xinchun, accusing them of importing tens of millions of barrels of sanctioned Iranian oil. The measures are part of Washington's effort to pressure Tehran to end its conflict. Source: South China Morning Post.
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