WASHINGTON ¨C The United States on Wednesday issued new sanctions targeting Iran¡¯s oil exports, including against a China-based ¡°teapot¡± oil refinery, as U.S. President Donald Trump¡¯s administration seeks to ramp up pressure on Tehran.
Teapot is an industry term for small independent oil refiners.
The U.S. Treasury Department said in a statement the action would increase pressure on Chinese importers of Iranian oil as Trump seeks to restore his ¡°maximum pressure¡± campaign on Iran, which includes efforts to drive its oil exports down to zero.
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