US sanctions Chinese refinery, tankers over Iran oil

The Trump administration has imposed new economic sanctions on a major China-based oil refinery, Hengli Petrochemical, and approximately 40 companies and tankers involved in shipping Iranian oil. This action continues the administration's 'Economic Fury' campaign to pressure Tehran financially by targeting its oil export network. The sanctions aim to disrupt Iran's ability to generate revenue from its petroleum sales, which are critical to its economy. The move underscores the ongoing US effort to enforce its blockade and isolate Iran economically, even as diplomatic talks continue.