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134 new news items in the last 24 hours
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  2. Economy

The U.S. Treasury warned banks that they risk sanctions if they engage in transactions with Chinese refineries that process Iranian oil.

Lara Maior
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29 April 2026, 05:45
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The U.S. Treasury issued a warning on Tuesday, urging financial institutions to avoid transactions with Chinese refineries that process Iranian oil, known as 'teapots.' These refineries purchase about 90% of Iran's oil exports, generating revenues that support the Iranian regime and its armament programs. Treasury Secretary Scott Bessent emphasized that any entity facilitating these flows risks sanctions. Recently, the U.S. sanctioned one of the largest 'teapot' refineries, Hengli Petrochemical, and four other refineries. The Treasury has expanded measures to include port terminal operators in Shandong province and logistics service providers. Iranian oil is often transported through clandestine methods, including the use of a 'phantom fleet' of tankers. The warning comes ahead of a planned visit by Trump to Beijing, amid tensions between the U.S. and Iran.

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Financial Intelligence
SUA avertizează băncile cu privire la riscul de sancțiuni în legătură cu rafinăriile „de buzunar” din China care prelucrează petrol iranian
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The Guardian EU
Middle East crisis live: Iran says it needs guarantees against attacks before Gulf can be stable

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China warns the USA that it will respond if Chinese companies are included in the expansion of secondary sanctions related to Iran.
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Donald Trump threatens with the economic isolation of Iran.
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