Hengli Group faces US sanctions over Iranian oil purchases, sending shockwaves through energy and prediction markets
Hengli Group has been sanctioned by the US Treasury for allegedly purchasing over five million barrels of Iranian crude oil. This has led to a significant drop in their stock price and a diplomatic conflict with China. The sanctions also target nearly 40 shipping firms linked to Iran's oil trade, complicating the situation further.
- ▪Hengli Petrochemical (Dalian) Refinery Co., Ltd. was sanctioned for purchasing substantial amounts of Iranian crude oil.
- ▪The sanctions resulted in a 10% drop in Hengli's stock price and a blocking injunction from China's Ministry of Commerce.
- ▪The US sanctions are part of a broader effort to disrupt Iran's petroleum revenue streams.
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Hengli Group faces US sanctions over Iranian oil purchases, sending shockwaves through energy and prediction markets The US Treasury sanctioned one of China's largest independent refiners for allegedly purchasing over five million barrels of Iranian crude, triggering a 10% stock plunge and a diplomatic standoff with Beijing. Share Add us on Google by Editorial Team May. 22, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The US…
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