The Treasury under Secretary Scott Bessent on Thursday issued sweeping sanctions targeting Iran's energy shipments. File Photo by Francis Chung/UPI | License Photo
Oct. 10 (UPI) -- The United States has sanctioned more than 50 people, entities and vessels accused of facilitating the sale of Iranian oil and liquefied petroleum gas, as the Trump administration continues to tighten its financial vise on Tehran.
The sanctions target nearly two dozen shipping vessels, a China-based crude oil terminal and a Chinese so-called teapot refinery that the Treasury accuses of moving hundreds of millions of dollars' worth of LPG for Iran.
The Treasury said that Shandong Jincheng Petrochemical Group, an independent teapot refinery in Shandong Province, has purchased millions of barrels of Iranian oil since 2023, receiving the shipments worth hundreds of millions of dollars via Iran's shadow fleet of vessels.
The China-based Rizhao Shihua Crude Oil Terminal was also blacklisted for accepting more than a dozen of those shadow fleet ships.
