Part 4/10:
The sanctions target Haing Jo, a storage facility, and Luing Petrochemical, a small private refinery dubbed a "teapot refiner," which has been linked to procuring Iranian oil through vessels associated with military and Shiite militant groups. The Treasury Secretary emphasized the importance of crippling Iran's revenue streams to curtail its global activities, underscoring increasing concerns regarding the deepening China-Iran cooperation in the energy and arms sectors.