US Targets China Oil Storage Terminal in Iran-Related Sanctions

The U.S. imposed sanctions on Guangsha Zhoushan Energy Group Co, LTD that it said operates a crude oil and petroleum products terminal on Huangzeshan Island in Zhoushan, China. The terminal knowingly engaged with oil from Iran and is directly connected through the Huangzeshan–Yushan Under Sea Oil Pipeline to an independent refinery known as a "teapot" plant, the U.S. State Department said (Read more at Marine Link).