TEHRAN (Tasnim) – China’s Commerce Ministry (MOFCOM) issued on Saturday a prohibition order instructing parties not to recognize or comply with US sanctions on five Chinese firms, citing its review mechanism.
Beijing [China], May 3 (ANI): The Chinese government has issued a formal injunction to block US sanctions directed at five domestic refiners, including the Hengli Petrochemical Refinery, accused by Washington of purchasing Iranian oil.
Iraq oil exports could resume within a week, minister says Iraq’s Deputy Oil Minister Basim Mohammed said Iraq could restore oil output and exports to normal levels within seven days once the crisis over the Strait of Hormuz ends. “Iraq can restore oil output and exports to normal levels within seven days of the crisis ending,” he said. He added that production currently stands at about 1.
OPEC+ meets to set quotas after UAE exit Seven members of OPEC+ are meeting to decide oil production levels for the first time since the United Arab Emirates left the group, Al Jazeera reported. The UAE formally exited on 2 May, after deciding on 28 April to withdraw over dissatisfaction with production limits. According to traders cited in the report, the countries are expected to increase output by about 188,000 barrels per day.
Jakarta [Indonesia], May 3 (ANI): A Very Large Crude Carrier (VLCC) belonging to the National Iranian Tanker Company has successfully bypassed the US Navy to reach the Asia-Pacific, transporting over 1. 9 million barrels of crude oil with an estimated value of nearly USD 220 million, according to TankerTrackers. com.
The US has previously warned banks against dealing with firms allegedly involved in Irans oil trade China's Ministry of Commerce has instructed domestic companies not to comply with US sanctions targeting refiners allegedly linked to the Iranian oil trade.
Iran tanker evades US blockade, reaches Asia Pacific, report says A Very Large Crude Carrier linked to National Iranian Tanker Company has evaded the United States naval blockade and reached the Asia Pacific carrying more than 1. 9 million barrels of crude oil, according to TankerTrackers. com.
New posts 13:24 OPEC+ Announces Increased Oil Output After Price Spike Seven of the worlds biggest oil producers have announced that they will increase their output to support oil market stability, days after a dramatic oil price spike amid market fears that shipping through the Strait of Hormuz will not resume anytime soon.
New posts 19:20 Commercial Ships 'Redirected' By US Forces, As CENTCOM Chief Visits Area Of Operations Dozens of commercial ships have been "redirected" to comply with the American naval blockade of Iranian ports and vessels, the US military said.
Delaware [US], May 3 (ANI): Kuwait did not export any crude oil during April, marking the first time in over three decades that the Gulf producer has recorded zero monthly crude exports, according to TankerTrackers website. In a post on X, the monitoring group said, 'Breaking: During April 2026, Kuwait exported zero barrels of crude oil for the first time since the end of Gulf War I. ' <a href="https://x.
Washington DC [US], May 3 (ANI): The US Assistant Secretary of State for Global Public Affairs, Dylan Johnson, on Saturday (local time) said that the State department is monitoring potential disruptions affecting passengers after the ultra-low-cost carrier Spirit Airlines announced it was ceasing operations immediately because of financial strain and rising fuel prices linked to the conflict in West Asia.
Iran says US comments confirm ‘piracy’ in maritime actions Iran has accused the United States of openly acknowledging unlawful actions at sea, after remarks by the US president on the capture of Iranian vessels. Foreign Ministry spokesperson Esmaeil Baghaei said Washington had effectively admitted to piracy in its handling of maritime operations. Posting on X, Baghaei wrote that the US president had described the seizure of Iranian ships as “piracy” and had “brazenly boasted that ‘we act like pirates’”.
Beijing [China], May 2 (ANI): In a sharp escalation of trade hostilities, China's Ministry of Commerce (MOC) on Saturday issued a formal blocking measure prohibiting domestic entities from complying with US sanctions, Xinhua reported. The move specifically protects five major Chinese petrochemical firms recently targeted by Washington for their alleged involvement in the Iranian oil trade.
Washington DC [US], May 2 (ANI): The United States has redirected 48 vessels in the Persian Gulf, particularly in the Strait of Hormuz, over the past 20 days amid ongoing enforcement actions related to restrictions on Iranian maritime assets by the US Navy.
Kuwait halts crude exports in April as Strait of Hormuz blockade bites Kuwait recorded zero crude oil exports in April for the first time since the end of the Gulf War, according to shipping monitor TankerTrackers. com. The data shows that while the country continued producing oil, it did not ship any crude overseas during the month as the blockade of the Strait of Hormuz disrupted tanker traffic.
Iranian lawmakers say Israeli vessels will be permanently barred from the Strait of Hormuz and ships from the United States and its allies would be allowed through only if they pay war reparations, under a proposed plan to place the waterway under Iranian “management.
Iraq says oil output can return to normal within days of Strait of Hormuz reopening Iraq’s deputy oil minister Basim Mohammed says the country can quickly restore oil production and exports once the crisis in the Strait of Hormuz subsides. Speaking during ongoing disruption to Gulf shipping, Mohammed said Iraq could return to normal output within seven days after conditions stabilise. He added that production currently stands at about 1.
WASHINGTON, D. C. /DUBAI/ISLAMABAD: With oil prices surging to their highest in more than four years, amid fears of longer-term disruptions to global fuel supplies, the U.
BEIJING, May 2 (Xinhua) -- China's Ministry of Commerce on Saturday issued a blocking ban prohibiting any recognition, enforcement or compliance with U. S. sanctions imposed on five Chinese companies on the grounds of their alleged involvement in Iranian petroleum transactions.
China issues injunction to block US sanctions on companies buying Iranian oil The Chinese Ministry of Commerce has issued an injunction to block US sanctions imposed on five Chinese oil refineries accused of buying Iranian oil. State news agency Xinhua reported that the ministry named the five companies as Hengli Petrochemical (Dalian) Refinery, Shandong Jincheng Petrochemical Group, Hebei Xinhai Chemical Group, Shouguang Luqing Petrochemical and Shandong Shengxing Chemical. After the US Treasure Department imposed sanctions last week on a unit of Hengli Petrochemical, a refiner it said has bought billions of dollars worth of Iranian petroleum, China's Foreign MInistry said that unilateral US sanctions "have no basis in international law" and that it would seek to defend the targeted companies.
