The United States has imposed sanctions on Hengli Petrochemical over its alleged purchases of Iranian crude oil, intensifying pressure on global energy trade networks. The move is part of Washington’s broader effort to curb Iran’s oil revenues and enforce existing sanctions. Analysts warn the decision could further disrupt supply chains, impact refining markets in Asia, and add volatility to already strained global energy prices.


US Sanctions Hengli Refinery Over Iranian Crude Purchases

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US Sanctions Hengli Refinery Over Iranian Crude Purchases