The United States has sanctioned Shandong Shengxing Chemical Co., Ltd, an independent "teapot" refinery based in China. The move comes as part of an effort to curb Iran's oil exports, particularly those reaching China. This action is part of a broader strategy to drive Iran's illicit oil trade to zero.
Further, the United States has targeted several companies and vessels involved in the transport of Iranian oil to China, which are considered part of Iran's "shadow" fleet. This is the second action against a Chinese independent refinery since the issuance of National Security Presidential Memorandum 2 by President Trump on February 4, 2025.
According to the Trump Administration, all sanctions will be rigorously enforced under its maximum pressure campaign against Iran. "As long as Iran attempts to generate oil revenues to fund its destabilizing activities, the United States will hold both Iran and all its partners in sanctions evasion accountable," stated an official source.
Today's sanctions fall under Executive Order 13902, aimed at Iran's petroleum and petrochemical industries. It marks the sixth series of sanctions imposed on Iranian oil sales since the memorandum was issued earlier this year. Further details on these actions can be found in the Department of the Treasury's press release.
