How To Squeeze Iran Financially. Is US Taking Aim At Chinese 'Teapot' Entities
- Posted on August 16, 2026
- By International Business Times
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- 1 min read
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How To Squeeze Iran Financially. Is US Taking Aim At Chinese 'Teapot' Entities
Trump's latest announcement is likely to target independent Chinese refineries, known as "teapots." Teapots account for a quarter of Chinese refinery capacity. China accounts for more than 80% of Iran's shipped oil and teapots absorb much of this trade.
