Tags: china | sanctions | refiners | iran | oil | us | commerce

China's Commerce Ministry Blocks US Sanctions Against 5 Refineries

Monday, 04 May 2026 09:15 AM EDT

China’s Ministry of Commerce said on Saturday ‌it had issued an injunction to block U.S. sanctions imposed on five Chinese refiners accused of buying Iranian oil, according to state news agency Xinhua.

The ministry ‌named the five as Hengli Petrochemical (Dalian) Refinery, ​and so called 'teapot' refineries Shandong Jincheng Petrochemical Group, Hebei Xinhai Chemical Group, Shouguang Luqing ⁠Petrochemical and Shandong Shengxing Chemical.

In April, the ​U.S. Treasury imposed sanctions on Hengli Petrochemical, accusing it ⁠of buying billions of dollars in Iranian oil, in an escalation of Washington's long-running effort to curb Tehran's oil ‌revenue.

The Trump administration last year imposed ​sanctions on the other ‌four refineries named by the ministry, among others.

The U.S. ‌sanctions violate "international law and the basic norms of international relations," the ministry said.

As a result, the ⁠ministry said, it had ‌imposed an injunction.

"The ⁠injunction stipulates that the United States cannot recognize, implement, or ⁠comply ⁠with the sanctions imposed on the aforementioned five Chinese companies," added ‌the ministry.

The sanctions created some hurdles for the refiners, including difficulties receiving crude and having to sell refined ‌products under ​different names. ‌Teapots account for a quarter of Chinese refinery capacity, operate with narrow and sometimes negative ​margins and have been squeezed recently by tepid domestic demand.

© 2026 Thomson/Reuters. All rights reserved.


Newsfront
China's Ministry of Commerce said on Saturday it had issued an injunction to block U.S. sanctions imposed on five Chinese refiners accused of buying Iranian oil, according to state news agency Xinhua. The ministry named the five as Hengli Petrochemical (Dalian) Refinery,...
china, sanctions, refiners, iran, oil, us, commerce
210
2026-15-04
Monday, 04 May 2026 09:15 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Free Newsmax E-Alerts
Email:
Country:
Zip Code:
Privacy: We never share your email.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved