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Update: China blocks U.S. sanctions on five Chinese firms over alleged Iran oil ties
May 2, 2026
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Posted 5 hours ago by
BEIJING, May 2 (Xinhua) -- China's Ministry of Commerce on Saturday issued a blocking ban prohibiting any recognition, enforcement or compliance with U.S. sanctions imposed on five Chinese companies on the grounds of their alleged involvement in Iranian petroleum transactions.The five companies are Hengli Petrochemical (Dalian) Refining Co., Ltd., Shandong Shouguang Luqing Petrochemical Co., Ltd., Shandong Jinch
Iran Herald
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