US Sanctions on China Oil Giant Turn Up Heat for Teapot Refiners

A US move to sanction one of China’s largest private refiners over ties to Iran will hurt a vast and already embattled petrochemicals sector — but the collateral damage will...

By Alfred Cang, Sarah Chen · Bloomberg Markets

A US move to sanction one of China’s largest private refiners over ties to Iran will hurt a vast and already embattled petrochemicals sector — but the collateral damage will extend far beyond oil.