OFAC sanctions China’s Hebei Xinhai refinery, Shandong terminal operators, and a global web of companies and vessels, facilitating Iran’s illicit oil exports

The sanctions significantly tighten restrictions on Iran’s oil export network by targeting key buyers, intermediaries, and transport facilitators, disrupting the flow of revenue to the Iranian regime. They also send a strong signal to global actors that involvement in Iran’s sanctioned oil trade carries serious financial and legal consequences…