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U.S. targets China’s shadow trade with Iran in sweeping sanctions

World·Cate Cadell·about 1 month ago
#KrP2n8MO
#washingtonpost#trump#crackdown#chinese#democracy#dies
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Democracy Dies in Darkness

Ahead of a Trump-Xi summit, Washington widens its crackdown on secretive oil and chemical trade between Beijing and Tehran.

April 24, 2026 at 4:36 p.m. EDTApril 24, 2026

President Donald Trump and Chinese leader Xi Jinping during a bilateral meeting in Busan, South Korea, on Oct. 30. (Evelyn Hockstein/Reuters)

The U.S. Treasury Department on Friday imposed sweeping sanctions on 40 shipping firms and vessels, as well as a Chinese oil refinery, in a widening crackdown on maritime business with the Iranian regime.

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