‘Economic Fury’: US sanctions China's 'teapot' refinery & 40 shipping companies, tightens pressure on Iran oil trade

The US has tightened its grip on Iran's oil revenue by sanctioning a major Chinese refinery and numerous shipping entities involved in transporting Iranian crude.

This move targets a "shadow network" and escalates pressure amid regional tensions.

China has criticized the sanctions, urging an end to their political use and warning of harm to legitimate trade.