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, ...

April 16 (UPI) --The U.S Treasury Department on Wednesday announced sanctions on a Chinese refinery for allegedly importing more than a billion dollars in Iranian oil. The Treasury sanctioned ...

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

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 ...

Oil traders are avoiding Chinese-built tankers due to proposed U.S. port fees. The proposed fees could add up to $1.5 million per port entry for Chinese vessels. This shift is disrupting the ...

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 ...

US Issues New Sanctions Targeting Chinese Importers of Iranian Oil By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Wednesday issued new sanctions targeting Iran's oil exports ...

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 ...