Finance

US Sanctions Giant Chinese Refiner Hengli Over Iran Links

The US sanctioned one of China’s largest private oil refiners over its links to Iran, a move that ramps up economic pressure on Tehran but also risks irking Beijing just weeks ahead of an expected leaders’ summit.

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Bloomberg
April 24, 2026· 1 min read
US Sanctions Giant Chinese Refiner Hengli Over Iran Links

Image: Bloomberg

The US sanctioned one of China’s largest private oil refiners over its links to Iran, a move that ramps up economic pressure on Tehran but also risks irking Beijing just weeks ahead of an expected leaders’ summit.

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US Sanctions Giant Chinese Refiner Hengli Over Iran Links

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