US targets Chinese refinery over oil purchases from Iran
Sanctions seen as economic coercion as Washington expands pressure campaign amid war it helped ignite
WASHINGTON (MNTV) — The United States has imposed fresh sanctions on a major Chinese oil refinery for purchasing Iranian crude, in a move widely criticized as an extension of Washington’s aggressive economic campaign tied to a conflict it helped escalate in the Middle East.
The US Treasury said it had blacklisted Hengli Petrochemical, one of China’s largest independent refineries, accusing it of buying large volumes of Iranian oil and generating significant revenue for Tehran. The move comes even as Washington pushes for renewed talks with Iran, raising questions about its commitment to genuine diplomacy.
In addition to targeting the refinery, US authorities announced sanctions against dozens of shipping companies and vessels allegedly linked to Iran’s oil trade network — part of what officials describe as efforts to disrupt Tehran’s ability to export energy.
China swiftly rejected the measures, accusing the United States of weaponizing trade and misusing sanctions to exert geopolitical pressure on foreign companies. Beijing warned against what it described as the politicization of economic relations.
China remains heavily dependent on Middle Eastern energy supplies and has been a major buyer of Iranian oil, often through independent “teapot” refineries that process discounted crude. Analysts say these smaller refineries play a strategic role in sustaining China’s energy security while navigating geopolitical risks.
The latest sanctions come against the backdrop of a broader US strategy that includes a naval blockade of Iranian ports, a step widely viewed as collective economic punishment aimed at choking off Iran’s oil revenues. Critics argue such actions by the US have contributed to rising global oil prices and increased instability in already fragile markets.
Despite framing the sanctions as enforcement measures, US officials have openly signaled their intent to continue targeting any entities involved in Iran’s oil trade, warning that companies and vessels risk penalties for engaging in what Washington deems unauthorized transactions.
Observers say the approach reflects a pattern of unilateral economic pressure that undermines international trade norms, particularly as the United States simultaneously calls for negotiations while tightening restrictions on Iran and its partners.
The move follows earlier sanctions imposed on other Chinese refineries, indicating a sustained campaign that critics say prioritizes geopolitical leverage over global economic stability.