State Department targets Qingdao Haiye Oil Terminal for allegedly importing ‘tens of millions of barrels of sanctioned Iranian crude oil’.

The United States on Friday announced fresh sanctions on entities and individuals it said were involved in trading Iranian petroleum, including a China-based oil terminal operator and a Chinese national, as it ramped up pressure on Tehran to end the conflict. The State Department said the operator, Qingdao Haiye Oil Terminal Co., Ltd, “imported tens of millions of barrels of sanctioned Iranian crude oil”. Also on the sanctions list are Li Xinchun, a Chinese national who is the president of a…

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