US Sanctions China-Based Refinery and 'Shadow Fleet' Tankers in Iran Crackdown
AI summaryThe US Treasury has sanctioned Hengli Petrochemical's Dalian refinery and dozens of ships tied to Iran's 'shadow fleet' as part of 'Operation Economic Fury.' Treasury Secretary Scott Bessent pressed China to increase diplomatic pressure on Iran, while the administration also asked banks to monitor for Iranian money-laundering networks.