US Imposes Iran-Related Sanctions on Third China ‘Teapot’ Refinery, Port Terminal

 A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. (Reuters)
A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. (Reuters)
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US Imposes Iran-Related Sanctions on Third China ‘Teapot’ Refinery, Port Terminal

 A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. (Reuters)
A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, January 20, 2023. (Reuters)

US President Donald Trump's administration on Thursday imposed sanctions on a third Chinese independent - or "teapot" - oil refinery, and port terminal operators in China for purchases of Iranian oil.

The US Treasury designated the Hebei Xinhai Chemical Group refinery and three companies for operating a terminal at Dongying Port in Shandong Province. It said they had purchased or facilitated the delivery of hundreds of millions of dollars worth of Iranian oil.

It was the latest independent Chinese refinery targeted by the Trump administration after it re-imposed a policy of "maximum pressure" that aims to cut off Iran's export revenue to pressure Tehran into a deal to curb its nuclear program and stop the funding of militant groups across the Middle East.

"So long as Iran attempts to generate oil revenues to fund its destabilizing activities, the United States will hold both Iran and all its partners in sanctions evasion accountable," the US Treasury said in a statement.

Previous sanctions imposed on two small Chinese refiners for buying Iranian oil have created difficulties in receiving oil, leading them to halt purchases of crude and sell product under other names, sources familiar with the matter said.

Those sanctions have also begun to deter other, larger independent Chinese refiners from buying Iranian crude, three of the sources said.

Iran's UN mission in New York and China's embassy in Washington did not immediately respond to requests for comment.

The companies Treasury designated for operating the port terminal were Baogang (Dongying Donggang) Logistics and Warehousing Co, Ltd, Shandong Jingang Port Co, Ltd, and Shandong Baogang International Port Co, Ltd.

Treasury said the companies operate a terminal in Dongying Port that has received more than one million barrels of Iranian oil from shadow fleet tankers.

The sanctions block US assets of those designated and prevent Americans from doing business with them.



Australia, Britain Sign 50-Year AUKUS Submarine Partnership Treaty

Australian Prime Minister Anthony Albanese (C) poses with Australia’s Foreign Minister Penny Wong (L), Britain’s Foreign Secretary David Lammy (2nd-L), Britain’s Defense Secretary John Healey (2nd-R) and Australia’s Deputy Prime Minister and Minister for Defense Richard Marles (R) before the start of the Australia-UK Ministerial Consultations (AUKMIN) meeting in Sydney on July 25, 2025. (AFP)
Australian Prime Minister Anthony Albanese (C) poses with Australia’s Foreign Minister Penny Wong (L), Britain’s Foreign Secretary David Lammy (2nd-L), Britain’s Defense Secretary John Healey (2nd-R) and Australia’s Deputy Prime Minister and Minister for Defense Richard Marles (R) before the start of the Australia-UK Ministerial Consultations (AUKMIN) meeting in Sydney on July 25, 2025. (AFP)
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Australia, Britain Sign 50-Year AUKUS Submarine Partnership Treaty

Australian Prime Minister Anthony Albanese (C) poses with Australia’s Foreign Minister Penny Wong (L), Britain’s Foreign Secretary David Lammy (2nd-L), Britain’s Defense Secretary John Healey (2nd-R) and Australia’s Deputy Prime Minister and Minister for Defense Richard Marles (R) before the start of the Australia-UK Ministerial Consultations (AUKMIN) meeting in Sydney on July 25, 2025. (AFP)
Australian Prime Minister Anthony Albanese (C) poses with Australia’s Foreign Minister Penny Wong (L), Britain’s Foreign Secretary David Lammy (2nd-L), Britain’s Defense Secretary John Healey (2nd-R) and Australia’s Deputy Prime Minister and Minister for Defense Richard Marles (R) before the start of the Australia-UK Ministerial Consultations (AUKMIN) meeting in Sydney on July 25, 2025. (AFP)

Australia’s government said on Saturday it signed a treaty with Britain to bolster cooperation over the next 50 years on the AUKUS nuclear submarine partnership.

The AUKUS pact, agreed upon by Australia, Britain and the US in 2021, aims to provide Australia with nuclear-powered attack submarines from the next decade to counter China’s ambitions in the Indo-Pacific. US President Donald Trump’s administration announced a formal review of the pact this year.

Defense Minister Richard Marles said in a statement that the bilateral treaty was signed with Britain’s Defense Secretary John Healey on Saturday after a meeting in the city of Geelong, in Victoria state.

“The Geelong Treaty will enable comprehensive cooperation on the design, build, operation, sustainment, and disposal of our SSN-AUKUS submarines,” the statement said.

The treaty was a “commitment for the next 50 years of UK-Australian bilateral defense cooperation under AUKUS Pillar I,” it said, adding that it built on the “strong foundation” of trilateral AUKUS cooperation.

Britain’s ministry of defense said this week that the bilateral treaty would underpin the two allies’ submarine programs and was expected to be worth up to 20 billion pounds ($27.1 billion) for Britain in exports over the next 25 years.

AUKUS is Australia’s biggest-ever defense project, with Canberra committing to spend A$368 billion over three decades to the program, which includes billions of dollars of investment in the US production base.

Australia, which this month paid A$800 million to the US in the second instalment under AUKUS, has maintained it is confident the pact will proceed.

The defense and foreign ministers of Australia and Britain held talks on Friday in Sydney on boosting cooperation, coinciding with Australia’s largest war games.

As many as 40,000 troops from 19 countries are taking part in the Talisman Sabre exercises held from July 13 to August 4, which Australia’s military has said are a rehearsal for joint warfare to maintain Indo-Pacific stability.

Britain has significantly increased its participation in the exercise co-hosted by Australia and the United States, with aircraft carrier HMS Prince of Wales taking part this year.