US Sanctions Chinese Refinery and Freezes $344 Million in Iran-Linked Crypto
The US on Friday sanctioned China-based independent refinery Hengli Petrochemical (Dalian) Refinery Co. Ltd. and about 40 shipping firms and vessels linked to Iran’s oil exports, broadening efforts to curb Tehran’s revenue streams. Treasury said Hengli, one of the largest buyers of Iranian crude, had purchased billions of dollars’ worth of Iranian petroleum, while officials said the targeted vessels transported billions of dollars’ worth of petroleum products as part of Iran’s shadow fleet.
Treasury Secretary Scott Bessent said the Office of Foreign Assets Control also sanctioned multiple wallets tied to Iran, resulting in the freeze of $344 million in cryptocurrency. The measures add to US economic pressure on Tehran ahead of diplomatic talks, and Bessent said Treasury would keep targeting the financial networks Iran uses to generate, move and repatriate funds.
From the sources (25 posts)
@osinttechnicalThe US announced new Iran-related sanctions a short while ago, sanctioning a Chinese oil refinery, 19 tankers, and multiple crypto wallets used by the Central Bank of Iran.
@no_itsmyturnUS 🇺🇸 Treasury sanctions Hengli Petrochemical (Dalian) Refinery Co., Ltd, China's 🇨🇳 second-largest teapot refinery, for purchasing billions of dollars in Iranian 🇮🇷 oil exports. Also sanctioned: 40 shipping firms and vessels linked to Ira
@mercoglianosRT @MenchOsint: The US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned today around 40 shipping firms and vessels associated…
@financialjuiceUS Treasury Secretary Bessent: The US Treasury is sanctioning multiple wallets tied to Iran, resulting in the freeze of $344 million in cryptocurrency.
@bulltheoryioBREAKING: The $344 million in crypto that Tether froze today was linked to Iran. Trump admin confirmed the wallets had direct ties to Iranian exchanges and the Central Bank of Iran. Treasury Secretary Bessent said "we will follow the money
@financialjuiceTrump Admin. freezes $344 mln in crypto over links to Iran - CNN
@zerohedge*TRUMP ADMIN. FREEZES $344M IN CRYPTO OVER LINKS TO IRAN: CNN
@deitaoneTRUMP ADMIN. FREEZES $344 MLN IN CRYPTO OVER LINKS TO IRAN - CNN
@firstsquawkBESSENT: US TREASURY IS SANCTIONING MULTIPLE WALLETS TIED TO IRAN, RESULTING IN THE FREEZE OF $344 MILLION IN CRYPTOCURRENCY
@polymarketJUST IN: Trump administration has reportedly frozen $344 million in cryptocurrency linked to Iran.
@staunovoToday, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned China-based independent teapot refinery Hengli Petrochemical (Dalian) Refinery Co., Ltd. (Hengli). China-based independent teapot refineries con
@staunovoThe Trump Administration took new action to sever Iran’s oil export relationship with China, with sanctions on a major Chinese refinery importer, as well as vessels and firms alleged to be associated with the trade. It has also targeted Teh
@iranintl_enThe United States on Friday imposed fresh sanctions on a China-based refinery and around 40 shipping firms and vessels allegedly tied to Iran’s oil exports, as part of efforts to tighten pressure on Tehran’s revenue streams. The Treasury D
@mossadil🇨🇳 NEW: US slaps new sanctions on a China-based refinery and around 40 shippers tied to Iranian oil exports. The move targets Iran’s main revenue stream and enforces secondary sanctions on those doing business with the regime—just weeks be
@e_durneikaRT @SecScottBessent: Economic Fury is imposing a financial stranglehold on the Iranian regime, hampering its aggression in the Middle East,…
@mdubowitzRT @SecScottBessent: Under Economic Fury, @USTreasury will continue to systematically degrade Tehran’s ability to generate, move, and repat…
@menchosintThe US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned today around 40 shipping firms and vessels associated with Iran’s "shadow fleet". One of the Tankers mentioned is the LPG SEVAN that left the Gulf of Oman just a few hour
@mossadilRT @MOSSADil: A WAR OF ATTRITION: TRUMP CAN PRESSURE THE IRANIAN REGIME — BUT THE OUTCOME DEPENDS ON THE WILL OF THE PEOPLE The Trump admi…
@mdubowitzFor years @FDD @miadmaleki ran OFAC’s financial war against the regime in Iran. Now, he’s in the best position to analyze it and support the effort from the outside.
@foreignpolicyWashington and Tehran are now locked in an economic war of attrition, with both sides attempting to squeeze the other into making concessions by taking aim at one another’s pocketbooks.
@mdubowitzDig into @FDD’s detailed model on the total economic damage inflicted on the regime in Iran during Epic Fury & Roaring Lion: $144B (40% of GDP) is mid-range; $300B (83% of GDP) is higher-range.
@disclosetvJUST IN - Trump admin places economic sanctions on a major China based oil refinery and approx 40 companies and tankers involved with shipping Iranian oil — AP
@bricsinfoJUST IN: 🇺🇸🇨🇳 US sanctions Chinese-based oil refinery and several firms for shipping Iranian oil.
@ajenglishRT @AJENews: BREAKING: The Trump administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping c…
@ajenewsBREAKING: The Trump administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil. 🔴 LIVE updates: