Tag: Iranian oil shipments to China

The new U.S. government vowed to crack down on the illicit oil trade between Iran and China, but late last week when Donald Trump unveiled his first sanctions aimed at stopping shipments between the two countries, it was a far cry from the "maximum pressure" campaign ...

China's independent oil refiners, known as teapots, are betting that the U.S. won't crack down on Iranian oil shipments for fear of pushing up prices. While higher gas prices in the U.S. are always very sensitive, particularly in the run-up to ...

Iran's once steady business of selling large quantities of oil to China's independent refineries may soon become the latest casualty of Russia's invasion of Ukraine.  For years, China provided Iran a vital cash flow by supplying the Chinese with as much as ...