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NewsDesk MC April 16, 2026April 16, 2026 banking sector, China oil imports, chinese banks, energy markets, Geopolitics, global supply, Hong Kong, iran oil, Iran war, maritime blockade, maximum pressure, oil exports, oman, russian oil waiver, sanctions enforcement, Scott Bessent, secondary sanctions, Treasury Department, uae, US sanctions

U.S. warns of sanctions on buyers of Iranian oil as blockade tightens

Washington — The United States on Wednesday warned it could impose secondary sanctions on countries and financial institutions purchasing Iranian