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Steady20 stories16 sourcesLast updated: 6/4/2026

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US sanctions China-based operator, others over alleged Iran oil trade links
NEWS
5/1/2026

US sanctions China-based operator, others over alleged Iran oil trade links

The United States on Friday sanctioned multiple entities and individuals it said were involved in trading Iranian petroleum and petroleum products, including a China-based oil terminal operator and a Chinese national. The State Department said the operator, Qingdao Haiye Oil Terminal Co., Ltd, “imported tens of millions of barrels of sanctioned Iranian crude oil”. Also on the sanctions list is Li Xinchun, a Chinese national who is president of the China-based oil terminal, as well as a Hong...

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SCMP News
Energy security comes first for Indonesia as it defies EU over Russian oil
NEWS
4/28/2026

Energy security comes first for Indonesia as it defies EU over Russian oil

Jakarta’s move to press on with importing 150 million barrels of Russian oil despite latest EU sanctions against an Indonesian port underscores a growing divide between Western efforts to isolate Moscow and Asia’s push for energy security. On Thursday, the European Commission announced its 20th package of sanctions against Russia, which includes Indonesia’s Karimun Oil Terminal for its “connections with the shadow fleet and circumvention of the oil price cap”. The sanction on Karimun, located in...

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SCMP Economy