US Slaps Iran-related Sanctions on Oil Tankers, China ‘Teapot' Refinery

The Liberian-flagged tanker Ice Energy, chartered by the US government, takes Iranian oil from Iranian-flagged Lana (formerly Pegas) as part of a civil forfeiture action off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. REUTERS/Costas Baltas/File Photo
The Liberian-flagged tanker Ice Energy, chartered by the US government, takes Iranian oil from Iranian-flagged Lana (formerly Pegas) as part of a civil forfeiture action off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. REUTERS/Costas Baltas/File Photo
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US Slaps Iran-related Sanctions on Oil Tankers, China ‘Teapot' Refinery

The Liberian-flagged tanker Ice Energy, chartered by the US government, takes Iranian oil from Iranian-flagged Lana (formerly Pegas) as part of a civil forfeiture action off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. REUTERS/Costas Baltas/File Photo
The Liberian-flagged tanker Ice Energy, chartered by the US government, takes Iranian oil from Iranian-flagged Lana (formerly Pegas) as part of a civil forfeiture action off the shore of Karystos, on the Island of Evia, Greece, May 26, 2022. REUTERS/Costas Baltas/File Photo

The US on Thursday issued new Iran-related sanctions, targeting entities including for the first time a Chinese "teapot", or independent refinery, and vessels that supplied crude oil to such processing plants.
It was Washington's fourth round of sanctions on Iran's oil sales since President Donald Trump said in February he was re-imposing a "maximum pressure" campaign including efforts to drive down the country's exports to zero. Trump aims to stop Tehran from obtaining a nuclear weapon and funding militant groups.

The refinery Treasury targeted for sanctions is China-based Shandong Shouguang Luqing Petrochemical Co., Ltd.
"So-called 'teapot' refinery purchases of Iranian oil provide the primary economic lifeline for the Iranian regime, the world’s leading state sponsor of terror and the primary backer of the murderous Houthis in Yemen," US Treasury Secretary Scott Bessent said in a post on X.

State Department spokesperson Tammy Bruce said the refinery bought oil from vessels linked to Yemen's Iran-aligned Houthis, which the US designated this month as a Foreign Terrorist Organization, and the US-designated Iranian Ministry of Defense of Armed Forces Logistics.

Treasury also imposed sanctions on 12 entities, and identified eight vessels as blocked property it said were responsible for shipping millions of barrels of Iranian oil to China. These vessels are part of Iran’s “shadow fleet” of tankers that supply the private refineries.
It also placed Wang Xueqing, who it said is linked to the refinery, on the specially designated nationals, or SDN, list. Americans are prohibited from doing business with people placed on that list, and their US assets are blocked.
The vessels Treasury blocked included Panama-flagged Aurora Riley and the Catalina, and the Barbados-flagged Brava Lake.
The State Department said it was imposing sanctions on an oil terminal in China called Huaying Huizhou Daya Bay Petrochemical Terminal Storage, for buying and storing Iranian crude oil from a sanctioned vessel.



Kremlin Says US Position Ruling Out NATO Membership for Ukraine Gives Satisfaction

Cars drive in front of Moscow's Kremlin along Tverskaya street in Moscow, Russia, 21 March 2025. (EPA)
Cars drive in front of Moscow's Kremlin along Tverskaya street in Moscow, Russia, 21 March 2025. (EPA)
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Kremlin Says US Position Ruling Out NATO Membership for Ukraine Gives Satisfaction

Cars drive in front of Moscow's Kremlin along Tverskaya street in Moscow, Russia, 21 March 2025. (EPA)
Cars drive in front of Moscow's Kremlin along Tverskaya street in Moscow, Russia, 21 March 2025. (EPA)

The Kremlin said on Monday that the position of US President Donald Trump's administration on ruling out NATO membership for Ukraine gave Moscow satisfaction, but declined to comment on Trump's hopes for a deal this week.
US envoy General Keith Kellogg said on Sunday that NATO membership was "off the table" for Ukraine. Trump has repeatedly said previous US support for Ukraine's bid to join NATO was a cause of the war, Reuters said.
"We have heard from Washington at various levels that Ukraine's membership in NATO is excluded," Kremlin spokesman Dmitry Peskov told reporters." Of course, this is something that causes our satisfaction and coincides with our position."
Peskov said that Ukrainian membership of the US-led alliance would "pose a threat to the national interests of the Russian Federation. And, in fact, this is one of the root causes of this conflict."
Putin has repeatedly said that Russia would be willing to end the war if Ukraine officially dropped its NATO ambitions and withdrew its troops from the entirety of the territory of four Ukrainian regions claimed and mostly controlled by Russia.
Reuters reported in November that
Putin was ready to negotiate a deal with Trump, but would refuse to make major territorial concessions and would insist Kyiv abandon ambitions to join NATO.
Trump said on Sunday he hopes Russia and Ukraine will make a deal this week to end the conflict in Ukraine.
Asked about those remarks, Peskov said: "I don't want to make any comments right now, especially about the time frame."
"President Putin and the Russian side remain open to seeking a peaceful settlement. We are continuing to work with the American side and, of course, we hope that this work will yield results," Peskov said.
He refused to comment directly on a Bloomberg report that the United States is prepared to recognise Russian control of Crimea as part of a broader peace agreement.
"Work on finding a peaceful settlement cannot take place, and should not take place, in public," Peskov said. "It should take place in an absolutely discrete mode."