The United States has imposed new sanctions on entities and individuals accused of facilitating Iranian petroleum trade, escalating pressure on Tehran. Among those targeted are Qingdao Haiye Oil Terminal Co., Ltd., a China-based operator, and Chinese national Li Xinchun. The State Department asserts the terminal imported millions of barrels of sanctioned Iranian crude.

The United States on Friday announced fresh sanctions on entities and individuals it said were involved in trading Iranian petroleum, including a China-based oil terminal operator and a Chinese national, as it ramped up pressure on Tehran to end the conflict. The State Department said the operator, Qingdao Haiye Oil Terminal Co., Ltd, “imported tens of millions of barrels of sanctioned Iranian crude oil”. Also on the sanctions list is Li Xinchun, a Chinese national who is the president of a...