SECURITYApr 24 · 19:19 UTCFOX NEWS

US targets Chinese refinery in sweeping Iran oil crackdown, sanctions ‘shadow fleet’ tankers

The U.S. Treasury's OFAC sanctioned Hengli Petrochemical, a major Chinese oil refinery, and 19 'shadow fleet' tankers linked to Iran's oil exports, aiming to cut off Tehran's primary revenue source. The move is part of a broader 'Economic Fury' campaign to limit Iran's oil sales and fund its military and regional activities.

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Mentioned

U.S. Treasury's Office of Foreign Assets Control (OFAC)organizationHengli Petrochemical (Dalian) Refinery Co.organizationSepehr Energy Jahan Nama Pars CompanyorganizationIran's Armed Forces General StafforganizationScott Bessentpersonshadow fleettopicEconomic Furytopic

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