The move targeted Hengli Group for allegedly facilitating billions of dollars in purchases from Tehran and injects fresh tension into an expected summit between Trump and Xi Jinping next month.
Fan Hongwei and Chen Jianhua together built Hengli Group into one of China's biggest energy companies.
Husband, Wife Behind Sanctioned China Oil Firm Lose $1.4 Billion
Apr 28, 2026 | 2:40 AM
