America imposed sanctions on Chinese oil terminal, know the whole matter regarding Iranian oil import

Washington. The US has imposed sanctions on a China-based crude oil terminal operator for importing petroleum products from Iranian entities. The US has also warned that if anyone else paid any “fee” to Tehran for passing through the Strait of Hormuz, it may have to face similar consequences.

“The United States is taking decisive action to disrupt Iran’s illicit oil trade,” US State Department spokesman Tommy Pigott said in a statement. This trade is the main source of income for the Iranian regime, which helps finance terrorism and regional instability.

Piggott said the ministry had imposed sanctions on several entities, one individual and one vessel involved in the trade of Iranian petroleum and petroleum products. Under this action, China-based petroleum terminal operator Quingdao Haiye Oil Terminal Company Limited has been targeted.

This company has imported millions of barrels of banned Iranian crude oil since February last year. The US has also imposed sanctions on Xingchun Li, a Chinese national and chairman of Guangdong Haiye, and two ship management companies – Britain-based Thriving Times International and Hong Kong-based Onboard Ship Management Ltd.

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