On Thursday, the administration of US President Donald Trump announced new sanctions targeting Iranian oil trading networks, including a China-based crude oil storage terminal connected to an independent refinery via a pipeline. These sanctions come just days before direct talks between the US and Iran.
The sanctions were imposed following a statement from Secretary of State Marco Rubio, who confirmed that the US will hold direct talks with Iran on Saturday in Oman.
Earlier in the week, President Trump warned that Iran would face significant consequences if the talks did not result in a positive outcome.
The US has sanctioned Guangsha Zhoushan Energy Group Co., Ltd., which operates a crude oil and petroleum products terminal located on Huangzeshan Island in Zhoushan, China. According to the US State Department, the terminal has been involved in receiving oil from Iran and is directly connected through the Huangzeshan–Yushan Undersea Oil Pipeline to an independent refinery known as a “teapot” plant.
“The United States is committed to disrupting all aspects of Iran’s oil exports, particularly those who seek to profit from this trade,” stated US Treasury Secretary Scott Bessent.
The terminal has reportedly received Iranian crude oil at least nine times between 2021 and 2025, including shipments from US-sanctioned vessels. It is estimated that the terminal has imported over 13 million barrels of Iranian crude oil.
As of the time of this report, the Chinese embassy in Washington had not provided a response to these developments.
Read about US-Iran relations and economic impacts
US State Department on Sanctions
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