China’s Ministry of Commerce issued a formal blocking order Saturday prohibiting domestic entities from complying with US sanctions targeting five Chinese oil refineries accused of purchasing Iranian crude — the first time Beijing has invoked its blocking statute against Washington, escalating from diplomatic protest to active legal countermeasure. The order covers Hengli Petrochemical (Dalian) Refinery, … Continue reading China Tells Teapot Refineries to Ignore US Sanctions Against Buying Iranian Oil