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U.S. warns banks of sanctions risk over China ‘teapot' refineries handling Iranian oil

By CNBC April 28, 2026 Neutral
U.S. warns banks of sanctions risk over China ‘teapot' refineries handling Iranian oil
Treasury warned banks risked sanctions over links to Chinese refineries handling Iranian oil. China bought most Iranian crude, with small refineries central to the trade.
Treasury warned banks risked sanctions over links to Chinese refineries handling Iranian oil. China bought most Iranian crude, with small refineries central to the trade.