US again targets Iran oil despite talks

The US has sanctioned Hebei Xinhai Chemical Group, a Chinese refinery, for processing Iranian oil. Three port operators in Shandong are also targeted. Treasury Secretary Scott Bessent stated the US aims to curb Iran's revenue streams. This is the third US action against the Chinese refineries since February. President Trump hopes for a nuclear deal despite these measures.
US again targets Iran oil despite talks
US treasury secretary Scott Bessent
WASHINGTON: The United States on Thursday imposed sanctions on a Chinese refinery of Iranian oil, its latest pressure against Tehran despite ongoing talks on a nuclear deal.The Treasury Department said it was targeting Hebei Xinhai Chemical Group and three port terminal operators in Shandong province which it said had been involved in handling hundreds of millions of dollars worth of Iranian oil."The United States remains resolved to intensify pressure on all elements of Iran's oil supply chain to prevent the regime from generating revenue to further its destabilizing agenda," Treasury Secretary Scott Bessent said in a statement.The State Department said it was the third US action against a so-called teapot, or small-scale, refinery in China since early February when President Donald Trump issued an order to increase pressure on Iran.Trump, however, has also said that he is acting reluctantly and that he is hopeful for a deal on Iran's nuclear program that averts a threatened Israeli military strike.Both Iran and Trump's envoy, Steve Witkoff, have described initial talks as positive.Tehran, which wants sanctions relief, has lashed out at the renewed US pressure, saying it went against efforts to reach a diplomatic solution.Trump in his first term withdrew from a previous nuclear deal with Iran and imposed sweeping sanctions, including pressing all other countries -- of which China is the most significant -- to stop buying Iranian oil.

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