US Sanctions Target Chinese Ports in Crackdown on Iranian Oil Trade as Trade War Deepens
A cargo ship sails into the port in Qingdao, in China’s eastern Shandong Province on Oct. 13, 2025. -/AFP via Getty Images The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Oct. 9 launched a new round of sanctions against Iran’s oil network, including a China-based crude oil port. Analysts say