Ministry of Commerce says sanctions against refineries accused of importing Iranian oil violate international law.

These teapot refineries have been keeping the Chinese economy stable with imported Iranian and Russian oil, while big Chinese oil firms like Sinopec push for permission to draw on the country’s ...

BEIJING—The U.S. is intensifying efforts to cut off Iran’s most vital financial lifeline—its secretive oil trade with China—by turning up the heat on a business ecosystem that grew from modest ...

The Office of Foreign Assets Control said it imposed sanctions on about 40 shipping companies and vessels that operate as part of Iran's shadow fleet.

The alert said China purchases approximately 90% of Iran's oil exports, with teapot refineries accounting for the majority of these imports.

The move underscores US eagerness to push Iran to the war's negotiating table at all costs. Read more at straitstimes.com. Read more at straitstimes.com.

, snapping up cargoes of Middle Eastern oil for delivery next month. Fuhai Group Co. and Shaanxi Yanchang Petroleum Group each purchased around 1 million barrels of Abu Dhabi’s Murban crude, according ...

The day before US President Donald Trump departed for Beijing, Washington blacklisted a dozen people and entities they say ...