US Warns Chinese Refiners of Sanctions Risks for Processing Iranian Oil; Beijing Rejects Accusations

The US has warned Chinese refiners of Iranian oil of potential sanctions risks, citing their involvement in processing Iranian crude. The warning comes as part of broader US efforts to curb Iran's oil exports. Bloomberg reported the US' stance on April 28, 2026. Beijing has pushed back against the US decision, rejecting Washington's accusations that Hengli plays an outsized role in buying Iranian oil. The Chinese government has not acknowledged the US claims, maintaining that Hengli's activities do not violate international sanctions. Rferl reported the Chinese response on the same day. The divergence in narratives underscores the diplomatic friction between the US and China over Iran's oil trade. The US' actions could lead to further economic and political consequences for both nations.