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US imposes sanctions on a China-based oil refinery and 40 shippers over Iranian oil - AP News
Overview
The U.S. imposed sanctions on a China-based oil refinery and roughly 40 shipping companies and tankers tied to transporting Iranian oil as part of a campaign to cut off Tehran’s export revenue. Those measures, combined with a U.S. blockade of the Strait of Hormuz and recent interdictions and seizures of vessels, increase pressure on Iran’s maritime export routes and financial lifelines. Treasury has also targeted Iran’s digital asset ecosystem—designating Nobitex and other crypto exchanges—indicating an expanded strategy to disrupt both physical oil exports and emerging digital channels used to move money, which raises the risk of broader escalation and shifts in how Iran moves revenue.
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ORGTrump administrationORGAP NewsORGChina-based oil refinery
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