9 Articles
9 Articles
China orders companies to defy US sanctions in escalating oil war with Washington
China ordered its companies to defy US sanctions on five domestic oil refiners linked to Iranian oil trade, deploying a 2021 blocking law for the first time. Beijing’s action targets US sanctions against Hengli Petrochemical, a major refinery sanctioned in April 2026 for importing Iranian crude via shadow fleets. The move follows years of quiet […]
The Chinese Ministry of Commerce has warned its companies against US restrictions on Chinese refineries stemming from the trade in Iranian oil.
Why is China refusing to enforce US sanctions on Iranian crude?
China’s commerce ministry on Saturday for the first time invoked a 2021 law that protects Chinese interests against foreign laws or measures. State media said the move “uses the power of the rule of law to precisely counter the US’s ‘long-arm jurisdiction’, News.Az reports, citing CNN. *** The Treasury Department has been ramping up pressure against the so-called teapot independent refiners in China that have continued to source Iranian crude an…
China’s sanctions pushback marks a new phase in the oil war with Washington - The Press United
Years of quiet adaptation are giving way to a more explicit and structured confrontation On May 2, the Ministry of Commerce of China issued an injunction to block US restrictions against five independent Chinese oil refineries that have been sanctioned for importing Iranian oil and utilizing so-called ‘shadow fleets’. Here’s why Beijing made this decision […] The post China’s sanctions pushback marks a new phase in the oil war with Washington ap…
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