Name: US Sanctions Entities Tied to Iran–China Petroleum Trade
Uploaded: 2025-03-22T05:41:32.000Z
Description: The Trump administration announced on March 20 that it has sanctioned entities it says are tied to the petroleum trade between Iran and China.

Dave Martin is NTD's Senior Sports Reporter and sports analyst. He also hosts "Data Hub" segments during NTD's special election coverage, "The Nation Decides."

Dave Martin

NTD Plus

News

News with integrity, from the United States and around the world. Focused reports and analyses that shed light on major issues the world deserves to know. NTD Evening News airs daily at 6 p.m. ET.

NTD Evening News

19-Year Old Andreeva Wins French Open, Youngest Since 1992

Mari Otsu is NTD's White House correspondent based in Washington. 

Mari Otsu

Moms Across America Founder Zen Honeycutt on GMO Safety, Glyphosate Concerns, and the MAHA Movement

Daniel Monaghan is a reporter for NTD News covering culture, social issues, and education. He holds a BA in Political Science and Government.

Daniel Monaghan

White House Week in Review (June 6): US Brokers Israel–Lebanon Ceasefire

NTD Newsroom comprises teams of reporters, editors, and producers assigned to cover breaking news and other stories.


NTD Newsroom

Hegseth Honors D-Day Veterans in France

Rudy Blalock is a Southern California-based daily news reporter for NTD. Originally from Michigan, he moved to California in 2017 and the sunshine and ocean have kept him here since. In his free time, he may be found underwater scuba diving, on top of a mountain hiking or snowboarding, or at home meditating—which helps fuel his active lifestyle.

Rudy Blalock

World News

Asia &amp; Pacific

Missing US Student Found Dead in Japan, Family Says

Jason Perry is an Army veteran and NTD's national security correspondent. Jason primarily covers border security, national defense, foreign wars, and veterans' issues.

Jason Perry

Anthropic: Humans Could Soon Lose Control Over AI

David Lam is a national correspondent based in California and a part-time anchor for "NTD Tonight." Before joining NTD he was a financial analyst.

David Lam

California Prepares to Host FIFA World Cup Matches

Sam Wang is a Washington correspondent for NTD News based in Washington, D.C. Sam covers politics on Capitol Hill, and U.S.-China relations. 

Sam Wang

Citizens Weigh Newly Painted Lincoln Memorial Reflecting Pool

Cary Dunst is the news anchor for NTD Evening News. He is also the co-host of NTD Good Morning.


Cary Dunst

D-day Was ‘The Most Complex Mission in Modern Military History’: Retired Navy SEAL

Jason Blair is a national correspondent for NTD News based in California. 

Jason Blair

48 Charged in Texas Over Major Drug Trafficking Operation

Arleen Richards is NTD's legal correspondent based at the network's global headquarters in New York City, where she covers all major legal stories. Arleen holds a Doctor of Law (J.D.).


Arleen Richards

NTD Evening News Full Broadcast (June 6)

NTD Evening News Full Broadcast (June 5)

NTD Evening News Full Broadcast (June 4)

NTD Evening News Full Broadcast (June 3)

NTD Evening News Full Broadcast (June 2)

NTD Evening News Full Broadcast (June 1)

Chris Beers is an NTD News anchor and political correspondent based at the network's global headquarters in New York City. Chris co-anchors "NTD News Today" weekdays at 10:00 am ET.

Chris Beers

NTD Evening News Full Broadcast (May 31)

NTD Evening News Full Broadcast (May 29)

NTD Evening News Full Broadcast (May 28)

NTD Evening News Full Broadcast (May 27)

The Associated Press is an American not-for-profit news agency headquartered in New York City. 

The Associated Press

US News

State News

California

More Than 17,000 Under Evacuation Orders as Southern California Wildfire Threatens Homes

40,000 Ordered to Evacuate as Chemical Tank Leaks, Threatens Explosion in California

Video of US Fighter Jet Shooting Down UFO Over Lake Huron Emerges in New Pentagon Files

Mary Man is a writer for NTD. She has traveled around the world covering China, international news, and arts and culture.

Mary Man

China News

Epoch Times Obtains Over 2,000 Unseen Tiananmen Square Photos on 37th Anniversary of the June 4th Massacre

News you can trust from the U.S. and around the world. Critical information and insight. We cover the stories that others don’t. NTD News Today airs Monday–Friday at 11 a.m. ET.

NTD News Today

US Government Sues Chick-fil-A Over Religious Rights

Sports News

Kyle Busch, Two-Time NASCAR Champion, Dies at 41

Haika Mrema

Medical Plane Crash in New Mexico Mountains Kills 4, Sparks Wildfire

California Mayor Resigns, Will Plead Guilty to Acting as Chinese Agent

Jill McLaughlin is an award-winning journalist covering politics, environment, and statewide issues. She has been a reporter and editor for newspapers in Oregon, Nevada, and New Mexico. Jill was born in Yosemite National Park and enjoys the majestic outdoors, traveling, golfing, and hiking.

Jill McLaughlin

We present news that is truthful and based on facts, outside of the political fog. Instead of focusing on the negative things happening around us, our mission is to give our viewers a good morning with empathetic and uplifting stories. Our aim is to provide an antidote to negativity by shining a light on the best side of people. We speak to inspiring people who positively impact communities, pursue topics that represent our common human values, and will never miss an opportunity to bring you heartwarming stories.

NTD Good Morning

Scott Pelley Fired by ’60 Minutes’ After Clash With Management

Reuters is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages.

Reuters

Middle East

Iran

Trump Calls Iran's Response to Latest US Ceasefire Proposal 'Totally Unacceptable'

The Trump administration announced on March 20 that it has sanctioned entities it says are tied to the petroleum trade between Iran and China.

The Department of State sanctioned an oil facility in China, Huaying Huizhou Daya Bay Petrochemical Terminal Storage, which has allegedly bought and sold Iranian crude oil from a vessel under U.S. sanctions.
“These sanctions are being imposed pursuant to President [Donald] Trump’s maximum pressure campaign to drive Iran’s oil exports, including to China, to zero,” State Department spokesperson Tammy Bruce said in <a href="https://www.state.gov/sanctioning-entities-purchasing-and-transporting-iranian-oil-to-further-impose-maximum-pressure-on-iran/" target="_blank" rel="nofollow noopener">a statement</a>.
“China is by far the largest importer of Iranian oil. The Iranian regime uses the revenue it generates from these sales to finance attacks on U.S. allies, support terrorism around the world, and pursue other destabilizing actions.”
Meanwhile, the Treasury Department sanctioned Shandong Shouguang Luqing Petrochemical Co.

The oil refinery in China has allegedly bought and refined “hundreds of millions of dollars’ worth of Iranian crude oil” from vessels tied to the Houthis, a terrorist organization, and the Iranian Ministry of Defense of Armed Forces Logistics, which is sanctioned by the United States.

The company’s chief executive officer, Wang Xueqing, was also sanctioned.

This is the first time the United States has sanctioned what is called a “teapot refinery,” which mainly buys oil from Iran.

“Teapot refinery purchases of Iranian oil provide the primary economic lifeline for the Iranian regime, the world’s leading state sponsor of terror,” Treasury Secretary Scott Bessent said in <a href="https://home.treasury.gov/news/press-releases/sb0056" target="_blank" rel="nofollow noopener">a statement</a>.

“The United States is committed to cutting off the revenue streams that enable Tehran’s continued financing of terrorism and development of its nuclear program.”

The Treasury Department also imposed sanctions on 19 other entities tied to petroleum sales between Iran and China.

Companies under sanctions will have their assets in the United States frozen.

From <a href="https://www.theepochtimes.com/us/us-sanctions-entities-tied-to-iran-china-petroleum-trade-5828649">The Epoch Times</a>

Latest

Videos

Politics

04_Top Stories

Latest Clips

Jackson Richman is a Washington correspondent for The Epoch Times. In addition to Washington politics, he covers the intersection of politics and sports/sports and culture. He previously was a writer at Mediaite and Washington correspondent at Jewish News Syndicate. His writing has also appeared in The Washington Examiner. He is an alum of George Washington University.

Jackson Richman

Executive Branch

Latest and breaking news, documentaries, movies, and lifestyle content on NTD+.
 
Empower your knowledge and elevate your spirit with NTD+, your go-to destination for truthful news, insightful documentaries, and captivating lifestyle content that enriches your life.