China Asks Banks to Pause New Loans to US-Sanctioned Refiners
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China Asks Banks to Pause New Loans to US-Sanctioned Refiners

May 7, 2026
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Posted 2 hours ago by

China’s financial regulator has advised the country’s largest banks to temporarily suspend new loans to five refiners recently sanctioned by the US over their ties to Iranian oil, according to people familiar with the matter. Bloomberg's Minmin Low reports. (Source: Bloomberg)

China Asks Banks to Pause New Loans to US-Sanctioned Refiners
Bloomberg
Bloomberg

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