The Trump administration has imposed fresh sanctions on China’s Hebei Xinhai Chemical Group and three port operators for purchasing Iranian oil, reinforcing its “maximum pressure” strategy against Tehran ahead of expected U.S.-Iran nuclear talks in Oman.
Hebei Xinhai, one of China’s largest independent refiners outside Shandong province, was targeted along with Baogang (Dongying Donggang) Logistics, Shandong Jingang Port, and Shandong Baogang International Port. These firms were cited for operating a terminal at Dongying Port that received over one million barrels of Iranian crude.
The U.S. Treasury Department stated the companies facilitated transactions worth hundreds of millions of dollars in Iranian oil, undermining sanctions meant to cut off Iran’s revenue streams used for funding militant groups in the Middle East. The action follows similar sanctions on smaller Chinese refiners, which have led to disrupted oil imports and rebranding of exports.
Additional sanctions were placed on companies and vessels linked to Iran’s so-called “shadow fleet,” including Star Twinkle Shipping, Hong Kong Prime Trading, Embrace Que, Nissho Lines, Propitous Forever Trading, and Skadi Limited. Blocked tankers include STAR TWINKLE 6, LAMD, SKADI, IMPALAS, BIG MAG, and THANE.
The sanctions freeze U.S. assets of those listed and prohibit Americans from conducting business with them. Treasury Secretary Scott Bessent emphasized Washington’s intent to tighten pressure on Iran’s oil supply chain.
China’s embassy in Washington condemned the sanctions as illegal “long-arm jurisdiction,” while analysts noted the measures are incremental and stop short of targeting Chinese state-owned enterprises. Talks between U.S. and Iranian officials are expected to continue over the weekend in Oman.


American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban
U.S. Approves Over $6.5 Billion in Military Sales to Israel Across Three Defense Contracts
Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms
Panama Supreme Court Voids CK Hutchison Port Concessions, Raising Geopolitical and Trade Concerns
United States Officially Exits World Health Organization, Raising Global Public Health Concerns
Kevin Warsh’s Fed Nomination Raises Questions Over Corporate Ties and U.S.–South Korea Trade Tensions
Elon Musk’s SpaceX Explores Merger Options With Tesla or xAI, Reports Say
Trump Threatens 50% Tariff on Canadian Aircraft Amid Escalating U.S.-Canada Trade Dispute
Rafah Border Crossing to Reopen for Palestinians as Israel Coordinates with Egypt and EU
Trump Administration Gun Comments Spark Rift With NRA Ahead of Midterms
Nvidia Confirms Major OpenAI Investment Amid AI Funding Race
Trump Nominates Brett Matsumoto as Next Bureau of Labor Statistics Commissioner
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure
Zelenskiy Awaits U.S. Details as Ukraine Prepares for Possible Peace Talks Next Week
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry
Amazon Stock Dips as Reports Link Company to Potential $50B OpenAI Investment 



