Energy

China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say - report - The Jerusalem Post

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DW NOTE

Hengli imports Iranian crude while the Strait of Hormuz sits under de facto blockade — only 9 ships passed through Thursday. China doesn't sanction Iran; the US does. The distinction matters when oil supply is down 4.3 mb/d globally and Brent has still fallen 25% from recent highs.

Read the full story at The Jerusalem Post →

The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des

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China-based Hengli Group main importer of sanctioned Iranian crude oil, analysts say - report - The Jerusalem Post

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