Finance

US Threatens to Sanction Banks That Help China Buy Iran Oil

The US has warned banks they are at risk of secondary sanctions if they support Chinese private refiners that buy Iranian oil, cranking up pressure on Tehran even at the cost of further irking Beijing just weeks ahead of a leaders’ meeting.

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Bloomberg
April 28, 2026·1 min read
US Threatens to Sanction Banks That Help China Buy Iran Oil

Image: Bloomberg

The US has warned banks they are at risk of secondary sanctions if they support Chinese private refiners that buy Iranian oil, cranking up pressure on Tehran even at the cost of further irking Beijing just weeks ahead of a leaders’ meeting.

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US Threatens to Sanction Banks That Help China Buy Iran Oil

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