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iran-oil

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China Orders Block on U.S. Sanctions for Iranian Oil TradeSubstrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)
politics1 day agoUpdated

China Orders Block on U.S. Sanctions for Iranian Oil Trade

China's Ministry of Commerce has directed its citizens and companies not to comply with specific U.S. sanctions on trade with Iran. The order targets designations of five Chinese refiners and comes days before President Trump's meeting with Chairman Xi Jinping in Beijing. It mark…

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China Activates Blocking Rules in Response to U.S. Sanctions on RefineriesDietmar Rabich / Wikimedia (CC BY-SA 4.0)
world2 days agoDeveloping

China Activates Blocking Rules in Response to U.S. Sanctions on Refineries

China issued a legal order declaring U.S. sanctions on five Chinese refineries null and void within its territory. The order prohibits Chinese companies from complying with the sanctions. This marks the first activation of China's Blocking Rules, established in 2021.

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