US Imposes New Sanctions on Iran, Targeting Chinese Refineries and Dozens of Companies

The United States has tightened sanctions against Iran, targeting dozens of companies, oil tankers, and cryptocurrency operations. The new measures include sanctions against a major Chinese refinery in the port city of Dalian, marking an escalation in Washington's pressure campaign against Iranian oil exports. The US Treasury Department had previously warned banks in China, Hong Kong, the United Arab Emirates, and Oman in April about potential secondary sanctions for conducting business with Iran. The sanctions represent part of the broader US effort to restrict Iran's ability to finance its activities through oil revenues and international financial networks.