US sanctions Chinese company for Iranian oil purchase amid nuclear talks – Middle East Monitor

The US Treasury Department announced Thursday it sanctioned Chinese “teapot” refinery Hebei Xinhai Chemical Group and three port terminal operators in Shandong Province for purchasing Iranian oil amid nuclear talks with Tehran, Anadolu reports.

The Office of Foreign Assets Control (OFAC) targeted entities involved in “purchasing or facilitating the delivery of hundreds of millions of dollars’ worth of Iranian oil,” according to a statement.

OFAC also…