TRUMP THREATENS IRAN WITH MAJOR STRIKES AND WARNS OF POTENTIAL CONTROL OF OIL INFRASTRUCTURE AS REGIONAL CONFLICT ESCALATES. (PHOTO).

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 Trump threatens Iran with major strikes and warns of potential control of oil infrastructure as regional conflict escalates  President Donald Trump said Thursday that the United States would strike Iran “VERY HARD TONIGHT,” escalating already heightened tensions as both sides continue exchanging attacks across the region. In a social media post, Trump also threatened to “assume total control” of Iran’s oil and gas infrastructure, including the key Kharg Island export terminal, describing potential action “in the not too distant future.” The warning came as U.S. and Iranian forces traded fire for a second straight day, marking the third major escalation in less than a week following earlier clashes involving Iran, Israel, and U.S. forces stationed across multiple countries. The ongoing exchanges have pushed the region closer to a wider conflict, while diplomatic efforts appear increasingly strained. Trump said Iran would “pay the price” for stalled negotiations, while Iranian ...
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CHINA'S HENGLI SEEKS WEST AFRICAN, MIDDLE EASTERN OIL AFTER SANCTIONS, SOURCES SAY. (PHOTO).

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 China's Hengli seeks West African, Middle Eastern oil after sanctions, sources say


China's Hengli ​Petrochemical, sanctioned by the U.S. for allegedly purchasing Iranian oil, has bought at least 2 million barrels of ‌West African crude and is seeking further mainstream supply, several trade sources said, as the refiner looks to get off the U.S. blacklist.


Hengli, which was penalised by Washington in April and has denied buying Iranian oil, is looking to source entirely non-sanctioned oil, six of the people said, Reuters reported.


Privately owned Hengli, which ​operates a 400,000 barrels-per-day refinery in the northeastern city of Dalian, has recently inquired about buying cargoes of West African ​and non-Iranian Middle Eastern crude for delivery from June onward, multiple sources said.


It bought at least 2 ⁠million barrels of West African crude for China delivery around late June or July, three of the sources said.

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