China Counters U.S. Sanctions on Refineries With Blocking Order

China has issued an injunction barring domestic companies from complying with U.S. sanctions targeting five Chinese refineries over alleged Iranian oil trade. This marks Beijing's first use of a blocking statute to shield Chinese firms from extraterritorial sanctions. The move escalates tensions between the U.S. and Iran and highlights China's approach to mitigating the impact of U.S. sanctions.