The levies follow 100 per cent and 25 per cent tariffs Canada imposed on Chinese-made electric vehicles and steel last year. The new tariffs are expected to raise the cost of Canadian canola oil, ...

HOUSTON, April 16 (Reuters) - Oil prices rose more than $1 a barrel on Wednesday after Washington issued new sanctions targeting Chinese importers of Iranian oil. Brent crude futures rose $1.08 ...

The US imposed sanctions on Wednesday on Shandong Shengxing Chemical Co. Ltd, a Chinese refinery, for buying Iranian crude oil worth over USD 1 billion as President Donald Trump’s administration seeks ...

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

This action, part of Trump's "maximum pressure" campaign, aims to curb Iran's oil revenues. Simultaneously, the administration is engaged in nuclear program negotiations with Iran. Reuters China and ...

New sanctions have been issued that are taking aim at Iran’s oil exports, as President Donald Trump and his administration are seeking to put more pressure Tehran. According to Reuters, the ...

The sanctioned refinery in China's Shandong province received dozens of shipments of crude oil from Iran worth more ... from representatives of the Chinese and Iranian governments were not ...

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 ...