The US Treasury is ordering banks to halt transactions with China's independent "teapot" refineries, a move aimed at curbing the import and refining of Iranian oil to tighten financial pressure on Tehran.
The US Treasury is directing banks to cease transactions with China's independent "teapot" refineries to restrict the import and processing of Iranian oil. This action is intended to increase financial pressure on Tehran's energy exports.
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The US Treasury is directing banks to cease transactions with China's independent "teapot" refineries to restrict the import and processing of Iranian oil. This action is intended to increase financial pressure on Tehran's energy exports.
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