https://www.live-feeds.com/feed/this-sprawling-chinese-refinery-is-bankrolling-tehranContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/this-sprawling-chinese-refinery-is-bankrolling-tehranhttps://www.live-feeds.com/feed/this-sprawling-chinese-refinery-is-bankrolling-tehran#u44489Mon, 17 Aug 2026 14:50:33 +0000China-based Hengli Group is the main importer of sanctioned Iranian crude oil, according to analysts. The company, a 'teapot' refiner, is accused of funding Iran through these purchases. China's teapot refiners are poised to ramp up Iranian oil buying, with Shandong inventories plunging. This development has significant implications for Iran's economy and US-China relations.Why it mattersThe US has imposed sanctions on Iran, and any entity dealing with the country is also subject to penalties. China's involvement in importing Iranian oil could lead to tensions between