However, in March and April, the U.S. sanctioned two small independent Chinese refiners, also known as “teapots” for purchasing and transporting Iranian oil, as part of President Donald Trump ...

Chinese teapot refiners Fuhai Group and Shaanxi Yanchang Petroleum purchased 1 million barrels each of Murban crude at a $5 premium above August ICE Brent futures. Rising fuel oil costs and U.S ...

15.5 x 722 cm. (6.1 x 284.3 in.) ...

The targeting of independent refiners, known as teapots, marked an escalation in Washington’s efforts to cut off Tehran’s export revenue as President Donald Trump seeks to pressure Iran into a deal ...