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flag U.S. sanctions on Iran-linked oil and LPG trade, including a Chinese refinery, spark tensions and retaliation.

flag The U.S. imposed sanctions on over 50 individuals, entities, and vessels tied to Iran’s oil and LPG trade, including a Chinese refinery and its terminal, escalating tensions over energy commerce. flag The move targets infrastructure linked to Chinese refining interests and Iran’s shadow fleet, while new port fees on Chinese-owned ships prompt retaliatory measures. flag Canada’s natural gas output is surging, but regional oversupply caused negative gas prices in September. flag U.S. propane inventories remain high despite weaker demand, and exports to China have dropped sharply due to tariffs. flag Meanwhile, Taiwan’s Russian naphtha imports rose significantly, reflecting shifting regional energy dynamics. flag China vowed to counter the sanctions, asserting its right to protect its energy security and opposing unilateral U.S. pressure.

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