Tag
OFAC sanctioned a Chinese teapot refinery and about 40 shipping companies and vessels tied to Iran's shadow oil fleet. The move targets the supply chain that routes sanctioned Iranian crude to independent Chinese buyers outside mainstream financial channels. Teapot refiners risk losing access to U.S. financial systems
Indian refiners are settling Iranian crude oil payments in Chinese yuan as a US sanctions waiver on such purchases nears its end, Reuters reports. The yuan route bypasses US correspondent banking networks, reducing secondary sanctions exposure but increasing dependence on Chinese financial infrastructure.
Tag
OFAC sanctioned a Chinese teapot refinery and about 40 shipping companies and vessels tied to Iran's shadow oil fleet. The move targets the supply chain that routes sanctioned Iranian crude to independent Chinese buyers outside mainstream financial channels. Teapot refiners risk losing access to U.S. financial systems
2mo ago · 1 min · Global Affairs
Indian refiners are settling Iranian crude oil payments in Chinese yuan as a US sanctions waiver on such purchases nears its end, Reuters reports. The yuan route bypasses US correspondent banking networks, reducing secondary sanctions exposure but increasing dependence on Chinese financial infrastructure.
2mo ago · 1 min · Global Affairs
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