(US sanctions targeting Iran’s oil trade raise concerns over global energy stability).
Global tensions are rising as the United States imposes new sanctions targeting Iran’s oil trade, including a major Chinese refinery.
The US government has sanctioned a China-based refinery and around 40 shipping companies involved in transporting Iranian oil, aiming to cut off a key source of revenue for Tehran.
Officials say the refinery has processed Iranian crude for years, making it a critical link in the global oil supply chain connected to Iran.
Related: Strait of Hormuz Conflict and Oil Crisis
The sanctions also target dozens of vessels believed to be part of Iran’s “shadow fleet,” used to move oil covertly across global markets.
Experts warn that the move could disrupt global oil supply and further strain relations between the United States and China.
Background
The sanctions are part of a broader effort to pressure Iran economically by targeting its oil exports, a vital source of revenue for the country.
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