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U.S. sanctions on a Chinese oil terminal forced Sinopec to reroute a crude tanker, highlighting growing U.S.-China trade tensions.
A U.S. sanctions move targeting China’s Rizhao Shihua Crude Oil Terminal prompted Sinopec to reroute a supertanker carrying 2 million barrels of Abu Dhabi crude from Rizhao to Ningbo and Zhoushan.
The terminal, partially owned by Sinopec and linked to Iranian oil shipments, was added to the sanctions list as part of a broader U.S. effort to disrupt Iran’s energy exports.
While the terminal handles about 20% of Sinopec’s imports, analysts say the impact on China’s overall crude supply is expected to be temporary, with shipments shifting to other ports.
The move underscores escalating U.S.-China trade tensions amid new export controls and tariffs.
Las sanciones estadounidenses a una terminal petrolera china obligaron a Sinopec a redirigir un buque cisterna de crudo, destacando las crecientes tensiones comerciales entre EE. UU. y China.