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flag China bans US-sanctioned oil tankers from major ports, impacting imports and refiners.

flag China's Shandong Port Group has banned US-sanctioned oil tankers from docking at its major east coast ports, including Qingdao, Rizhao, and Yantai. flag This move impacts independent refiners, who mainly buy cheap, sanctioned crude from Iran, Russia, and Venezuela. flag The ban could increase shipping costs and slow oil imports to China, the world's largest oil importer. flag Meanwhile, the US has added China's COSCO Shipping to a military blacklist, citing links to the Chinese military, which could discourage US firms from engaging with the company.

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