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US targets China oil storage terminal in new Iran-related sanctions

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The administration of the US President Donald Trump on Thursday imposed sanctions on Iranian oil buying and selling networks, together with on a China-based crude oil storage terminal linked through a pipeline to an impartial refinery.

These sanctions come just a few days earlier than direct talks between the US and Iran.

The sanctions got here after Secretary of State Marco Rubio mentioned the US will maintain direct talks with Iran on Saturday in Oman.

Recall that Trump on Monday mentioned that Iran can be in nice hazard if the talks had been unsuccessful.

The US sanctioned Guangsha Zhoushan Power Group Co, LTD that it mentioned operates a crude oil and petroleum merchandise terminal on Huangzeshan Island in Zhoushan, China.

Based on the US State Division, the terminal is knowingly engaged with oil from Iran, and is immediately related via the Huangzeshan–Yushan Below Sea Oil Pipeline to an impartial refinery generally known as a “teapot” plant.

“The USA stays centered on disrupting all components of Iran’s oil exports, notably those that search to revenue from this commerce,” U.S. Treasury Secretary Scott Bessent mentioned.

It added that the terminal has reportedly acquired Iranian crude oil at the very least 9 instances between 2021 and 2025, together with from US sanctioned vessels, and has imported at the very least 13 million barrels of Iranian crude oil.

The Chinese language embassy in Washington has not made any touch upon the event on the time of submitting this report.

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