Chinese-built supertankers transporting oil into the United States could be forced to pay fees of up to $5.2 million per each port call, according to new guidelines announced by the Trump ...

"Teapot" is an industry term for small independent oil refiners. Sign up here. The U.S. Treasury Department said in a statement the action would increase pressure on Chinese importers of Iranian ...

WASHINGTON (AP) — The Treasury Department imposed sanctions Wednesday on a Chinese refinery accused of purchasing more than $1 billion worth of Iranian oil, saying the proceeds help finance both ...