US-China panel praises Treasury move targeting Iranian oil purchases
The House Select Committee on China said it “applauds” the US Treasury Department for what it described as action aimed at preventing China from purchasing Iranian oil.
"As a recent investigation detailed, China is acquiring oil from Iran using its shadow fleet of thousands of foreign-flagged tankers. This report’s policy recommendations called for Treasury to sanction ports and terminal operators receiving shadow fleet cargo, such as illegal crude," Committee posted on X on Friday.
