Tag Archive
What Xi-Trump meet holds for New Delhi
Three days from today, US President Donald Trump will land in Beijing for a two-day summit with Chinese President Xi Jinping. In the run-up to the summit, the US Treasury sanctioned five Chinese “teapot” refineries for processing Iranian oil, includin…
Beijing Flip-Flops, Asks Banks To Pause Loans To Sanctioned Refiners Days After Ordering Them To Ignore Sanctions
Over the weekend, we reported that in what some called a “watershed moment”, Beijing ordered Chinese companies not to comply with US sanctions on five domestic refiners linked to the Iranian oil trade, deploying for the first time…
China asks banks to pause new loans to US-sanctioned refiners
The verbal directive, which came before China entered a long holiday weekend on May 1, contrasts with a May 2 notice from China’s Ministry of Commerce, which instructed companies to disregard US sanctions
…
China Orders Refiners to Ignore U.S. Sanctions on Key Iranian Oil Buyers
China Orders Refiners to Ignore U.S. Sanctions on Key Iranian Oil Buyers | OilPrice.com
Alex Kimani
Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.
More Info
Related News
…
Ahead Of Trump-Xi Summit, Beijing Tells Chinese Firms To Ignore U.S. Sanctions On “Teapot” Refineries
President Donald Trump is set to travel to Beijing in mid-May for a summit with Chinese President Xi Jinping, the first U.S. presidential visit to China in eight years, and a meeting already delayed once by the Iran war.…
Source
China Hits Back At US Sanctions, Activates First-Ever ‘Blocking Order’
In a strong response to rising trade tensions, China’s Commerce Ministry on Saturday announced a new rule that stops Chinese companies from following US sanctions, according to Xinhua.
This decision is meant to protect five biggest Chinese petrochemic…
China rejects US sanctions on refineries over Iran oil links
BEIJING: China will not comply with US sanctions against five firms targeted for purchasing Iranian oil, Beijing’s commerce ministry said on Saturday (May 2).
China is a key customer for Iranian oil, mainly through independent “teapo…
US Imposes Sanctions on 35 Individuals, Entities for Aiding Iran’s Sanctions Evasions
Washington: The U.S. government ratcheted up pressure on Tehran on Tuesday, imposing ?sanctions on 35 entities and individuals for their roles in Iran’s shadow banking sector, and threatened sanctions against banks doing business with Chinese &#…
US threatens to sanction banks that help China buy Iran oil
US Treasury warned financial institutions of secondary sanctions if they support Chinese private refiners buying Iranian oil, adding friction before Trump-Xi talks.
…
Oil prices rise as Strait of Hormuz remains closed after US
Oil prices increased as US-Iran peace talks stalled and the Strait of Hormuz remained virtually impassable.
Brent increased 2.5% to $107.97 a barrel, while West Texas Intermediate was near $96.
US President Donald Trump canceled a planned trip over th…