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US Sanctions Chinese Hengli Refinery Over Iranian Oil

4/25/2026

Summary

Story summary

The United States imposed secondary sanctions on Hengli Petrochemical in Dalian, the first sanction on a Chinese refinery that processes Iranian crude.
The Treasury Department reported that Hengli has received Iranian crude shipments since 2023 and generated hundreds of millions of dollars for the Iranian military.
The sanctions also target about forty shipping firms that transport Iranian oil as part of a broader effort to cut Iran’s oil-export revenue.

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Story summary

The United States imposed secondary sanctions on Hengli Petrochemical in Dalian, the first sanction on a Chinese refinery that processes Iranian crude.
The Treasury Department reported that Hengli has received Iranian crude shipments since 2023 and generated hundreds of millions of dollars for the Iranian military.
The sanctions also target about forty shipping firms that transport Iranian oil as part of a broader effort to cut Iran’s oil-export revenue.