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US target China Oil Storage terminal in new Iran -related sanctions

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US Targets China Oil Storage Terminal in New Iran-Related Sanctions

US Targets China Oil Storage Terminal in New Iran-Related Sanctions

Date: April 10, 2025

Source: Reuters

Overview

The Trump administration has imposed new sanctions targeting Iranian oil trading networks, including entities based in China. This move comes just days before scheduled direct talks between the United States and Iran in Oman.

Key Sanctions Imposed

  • Guangsha Zhoushan Energy Group Co, LTD: Operates a crude oil terminal on Huangzeshan Island in Zhoushan, China. The terminal is connected via a sub-sea pipeline to an independent "teapot" refinery and has reportedly received at least 13 million barrels of Iranian crude since 2021, defying U.S. sanctions.
  • Jugwinder Singh Brar: An Indian national sanctioned for his involvement in high-risk ship-to-ship oil transfers on behalf of Iran’s state oil company and military.
  • UAE-based Shipping Companies: Sanctioned for facilitating the transportation of Iranian oil through deceptive practices.

Context and Implications

U.S. Treasury Secretary Scott Bessent emphasized the administration's commitment to disrupting Iran’s oil exports, which are believed to fund destabilizing activities. The sanctions aim to target all aspects of Iran’s oil supply chain.

China, a major importer of Iranian oil, criticized the U.S. for imposing unilateral sanctions and continues trading with Iran using Chinese yuan to bypass U.S. regulations. Legal experts have questioned the timing of the sanctions, suggesting they may undermine upcoming diplomatic talks and fall short of significantly dismantling Iran’s oil trade infrastructure unless Chinese financial institutions or key insurance providers are targeted.

For more details, read the full article on Reuters.

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