The Treasury Department also targeted a top independent Chinese refinery that it said was a major buyer of Iranian petroleum.

The U.S. Treasury Department on Friday imposed sweeping sanctions on 40 shipping firms and vessels, as well as a Chinese oil refinery, in a widening crackdown on maritime business with the Iranian regime.

OFAC sanctioned a major Chinese oil refinery and dozens of Iran-linked shadow fleet vessels in an escalation of the maximum pressure campaign on Tehran.

The Trump Administration took new action to sever Iran’s oil export relationship with China, with sanctions on a major Chinese refinery importer, as well as vessels and firms alleged to be associated with the trade.

The Trump administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil.

The Treasury Department on Friday announced new sanctions on a Chinese oil refinery and dozens of shipping firms and vessels, including those with ties to Hong Kong, in a bid to disrupt Iran’s oil

President Donald Trump’s administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil. The move,

The Trump administration said on Friday it had imposed ‌sanctions on an independent "teapot" refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.