“The Trump administration sanctioned a major China-based oil refinery and about 40 shipping companies and tankers that carry Iranian oil.”

US Treasury DepartmentPress releaseApril 24, 2026Read the original

OFAC sanctions on Iran's oil trade.

Our verdict

True

Treasury sanctioned Hengli's Dalian refinery and about 40 shipping firms and vessels on 24 April 2026.

What we found

OFAC designated the refinery and roughly 40 entities and vessels in Iran's 'shadow fleet', naming tankers that delivered over five million barrels. The claim is accurate.

The evidence

2 of 2 sources support the claim; none contradict it.

Contradict 0Support 2Background 0

Supports the claim
Treasury press release on Hengli and the shadow fleet designations. [1]
Supports the claim
Bessent's Treasury sanctions China refinery and Iranian oil shippers. [2]

How we checked

We checked the claim against AP via Philadelphia Inquirer, US Treasury. We reviewed 2 relevant sources.

Sources

[1]US Treasury · Treasury press release sb0472
[2]AP via Philadelphia Inquirer · Treasury sanctions China refinery over Iran oil

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