Hengli Petrochemical stock (CNE100002G88): US sanctions and China's blocking order spark volatility

Hengli Petrochemical shares are experiencing volatility due to U.S. sanctions and China's blocking order. The U.S. has sanctioned Hengli Petrochemical for alleged Iranian oil transactions, and China has responded with a blocking order. Hengli Petrochemical denies trade with Iran and claims to have sufficient crude oil reserves.