China formally blocks US sanctions on five teapot oil refineries buying Iranian crude
🔴 Tension RisingMinute Mirror2026-05-03
China formally blocked US sanctions on five teapot oil refineries buying Iranian crude, creating a direct confrontation with the US over energy trade. The Ministry of Commerce framed the order as defending national sovereignty and rejecting American overreach. This move introduces significant legal and commercial uncertainty for businesses operating in both jurisdictions.