Ahead of a Trump-Xi summit, Washington widens its crackdown on secretive oil and chemical trade between Beijing and Tehran.
April 24, 2026 at 4:36 p.m. EDTApril 24, 2026
President Donald Trump and Chinese leader Xi Jinping during a bilateral meeting in Busan, South Korea, on Oct. 30. (Evelyn Hockstein/Reuters)
The U.S. Treasury Department on Friday imposed sweeping sanctions on 40 shipping firms and vessels, as well as a Chinese oil refinery, in a widening crackdown on maritime business with the Iranian regime.
