US Tightens Sanctions on Iran
The United States has imposed sanctions on 40 shipping firms and vessels and a China-based teapot refinery for their part in propping up Iran’s economy amid the ongoing war with the United States.The Hengli Petrochemical (Dalian) Refinery Co., called a teapot refinery for its “teapot-like” design, has been accused of purchasing billions of dollars’ worth of Iranian petroleum, and the shipping firms and vessels have been accused of acting as Iran’s shadow fleet, providing a financial lifeline to the regime.
