According to CNBC, the alert said China purchases approximately 90% of Iran's oil exports, with teapot refineries accounting for the majority of these imports.
GeopoliticsUpdated · active update windowDevelopingSource: Media Report
U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil
U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil.
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Active Update Window · updated 2026-04-29 03:32 UTCThis story updates earlier coverage: First Vegas-style casino opens in New York City